Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Feb. 28, 2023 | Jun. 30, 2022 | |
Document information | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2022 | ||
Entity File Number | 0-50316 | ||
Entity Registrant Name | GRANT PARK FUTURES FUND LIMITED PARTNERSHIP | ||
Entity Incorporation, State or Country Code | IL | ||
Entity Tax Identification Number | 36-3596839 | ||
Entity Address, Address Line One | 566 West Adams Street | ||
Entity Address, Address Line Two | Suite 300 | ||
Entity Address, City or Town | Chicago | ||
Entity Address, State or Province | IL | ||
Entity Address, Postal Zip Code | 60661 | ||
City Area Code | 312 | ||
Local Phone Number | 756-4450 | ||
Title of 12(b) Security | Not applicable | ||
No Trading Symbol Flag | true | ||
Security Exchange Name | NONE | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 0 | ||
Auditor Name | COHEN & COMPANY, LTD. | ||
Auditor Firm ID | 925 | ||
Auditor Location | Milwaukee, Wisconsin | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Entity Central Index Key | 0000845698 | ||
Amendment Flag | false | ||
Class A | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 3,768.76 | ||
Class B | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 27,238.08 | ||
Legacy 1 Class | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 427.56 | ||
Legacy 2 Class | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 391.22 | ||
Global 1 Class | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 12,293.67 | ||
Global 2 Class | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 348.99 | ||
Global 3 Class | |||
Document information | |||
Entity Common Stock, Shares Outstanding | 0 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Equity in brokers' trading accounts: | ||
Cash | $ 4,586,226 | $ 6,456,079 |
Total equity in brokers' trading accounts | 5,813,298 | 6,088,400 |
Cash and cash equivalents | 1,595,024 | 1,622,595 |
Securities owned, at fair value | 29,809,006 | 33,527,220 |
Receivable from General Partner | 1,150,000 | |
Interest receivable, net | 612 | |
Total assets | 38,367,940 | 41,238,215 |
Liabilities | ||
Brokerage charge payable | 194,082 | 204,257 |
Accrued incentive fees | 11,327 | 52,976 |
Organization and offering costs payable | 8,968 | 9,666 |
Accrued operating expenses | 7,986 | 8,576 |
Interest payable, net | 42 | |
Redemptions payable to limited partners | 695,910 | 327,726 |
Total liabilities | 918,273 | 603,243 |
Partners' Capital (Net Asset Value) | ||
Total partners' capital (net asset value) | 37,449,667 | 40,634,972 |
Total liabilities and partners' capital (net asset value) | 38,367,940 | 41,238,215 |
Class A | ||
Equity in brokers' trading accounts: | ||
Cash | 449,568 | 592,884 |
Total equity in brokers' trading accounts | 569,852 | 559,118 |
Cash and cash equivalents | 156,353 | 149,009 |
Securities owned, at fair value | 2,922,046 | 3,078,921 |
Receivable from General Partner | 112,729 | |
Interest receivable, net | 60 | |
Total assets | 3,761,040 | 3,787,048 |
Partners' Capital (Net Asset Value) | ||
General Partner | 225,297 | 219,938 |
Limited Partners | 3,445,730 | 3,511,712 |
Class B | ||
Equity in brokers' trading accounts: | ||
Cash | 2,678,289 | 3,876,724 |
Total equity in brokers' trading accounts | 3,394,880 | 3,655,941 |
Cash and cash equivalents | 931,470 | 974,329 |
Securities owned, at fair value | 17,408,028 | 20,132,310 |
Receivable from General Partner | 671,583 | |
Interest receivable, net | 358 | |
Total assets | 22,406,319 | 24,762,580 |
Partners' Capital (Net Asset Value) | ||
Limited Partners | 21,870,064 | 24,400,348 |
Legacy 1 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 45,460 | 59,738 |
Total equity in brokers' trading accounts | 57,623 | 56,336 |
Cash and cash equivalents | 15,811 | 15,014 |
Securities owned, at fair value | 295,479 | 310,225 |
Receivable from General Partner | 11,399 | |
Interest receivable, net | 6 | |
Total assets | 380,318 | 381,575 |
Partners' Capital (Net Asset Value) | ||
Limited Partners | 371,216 | 375,993 |
Legacy 2 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 40,123 | 49,891 |
Total equity in brokers' trading accounts | 50,858 | 47,050 |
Cash and cash equivalents | 13,954 | 12,539 |
Securities owned, at fair value | 260,784 | 259,089 |
Receivable from General Partner | 10,061 | |
Interest receivable, net | 5 | |
Total assets | 335,662 | 318,678 |
Partners' Capital (Net Asset Value) | ||
General Partner | 209,927 | 201,205 |
Limited Partners | 117,701 | 112,811 |
Global 1 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 1,335,356 | 1,816,003 |
Total equity in brokers' trading accounts | 1,692,639 | 1,712,581 |
Cash and cash equivalents | 464,418 | 456,413 |
Securities owned, at fair value | 8,679,388 | 9,430,731 |
Receivable from General Partner | 334,842 | |
Interest receivable, net | 178 | |
Total assets | 11,171,465 | 11,599,725 |
Partners' Capital (Net Asset Value) | ||
Limited Partners | 10,904,093 | 11,430,041 |
Global 2 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 37,430 | 59,516 |
Total equity in brokers' trading accounts | 47,446 | 56,126 |
Cash and cash equivalents | 13,018 | 14,958 |
Securities owned, at fair value | 243,281 | 309,072 |
Receivable from General Partner | 9,386 | |
Interest receivable, net | 5 | |
Total assets | 313,136 | 380,156 |
Partners' Capital (Net Asset Value) | ||
Limited Partners | 305,639 | 374,595 |
Global 3 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 1,323 | |
Total equity in brokers' trading accounts | 1,248 | |
Cash and cash equivalents | 333 | |
Securities owned, at fair value | 6,872 | |
Total assets | 8,453 | |
Partners' Capital (Net Asset Value) | ||
Limited Partners | 8,329 | |
Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 1,227,072 | 223,952 |
Futures Contracts | Class A | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 120,284 | 20,566 |
Futures Contracts | Class B | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 716,591 | 134,478 |
Futures Contracts | Legacy 1 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 12,163 | 2,072 |
Futures Contracts | Legacy 2 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 10,735 | 1,731 |
Futures Contracts | Global 1 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 357,283 | 62,995 |
Futures Contracts | Global 2 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | $ 10,016 | 2,064 |
Futures Contracts | Global 3 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 46 | |
Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (591,631) | |
Swap Contracts | Class A | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (54,332) | |
Swap Contracts | Class B | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (355,261) | |
Swap Contracts | Legacy 1 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (5,474) | |
Swap Contracts | Legacy 2 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (4,572) | |
Swap Contracts | Global 1 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (166,417) | |
Swap Contracts | Global 2 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (5,454) | |
Swap Contracts | Global 3 Class | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | $ (121) |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Securities owned, cost (in dollars) | $ 31,957,862 | $ 33,750,835 |
Class A | ||
Securities owned, cost (in dollars) | $ 3,132,689 | $ 3,099,456 |
General Partner, units outstanding | 231.29 | 231.29 |
Limited Partners, units outstanding | 3,537.47 | 3,693.06 |
Class B | ||
Securities owned, cost (in dollars) | $ 18,662,929 | $ 20,266,585 |
Limited Partners, units outstanding | 28,287.24 | 32,133.85 |
Legacy 1 Class | ||
Securities owned, cost (in dollars) | $ 316,779 | $ 312,295 |
Limited Partners, units outstanding | 427.56 | 452.87 |
Legacy 2 Class | ||
Securities owned, cost (in dollars) | $ 279,583 | $ 260,817 |
General Partner, units outstanding | 250.67 | 250.67 |
Limited Partners, units outstanding | 140.55 | 140.55 |
Global 1 Class | ||
Securities owned, cost (in dollars) | $ 9,305,063 | $ 9,493,631 |
Limited Partners, units outstanding | 12,307.53 | 13,558.40 |
Global 2 Class | ||
Securities owned, cost (in dollars) | $ 260,819 | $ 311,133 |
Limited Partners, units outstanding | 356.02 | 457.53 |
Global 3 Class | ||
Securities owned, cost (in dollars) | $ 6,918 | |
Limited Partners, units outstanding | 0 | 12.62 |
Consolidated Condensed Schedule
Consolidated Condensed Schedule of Investments | Dec. 31, 2022 USD ($) contract shares | Dec. 31, 2021 USD ($) shares | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Investments Owned, Cost | $ 31,957,862 | $ 33,750,835 | |||
Investments Owned, Fair Value | 29,809,006 | 33,527,220 | |||
Open long contracts | Futures, Forward, and Swap Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | $ (261,927) | ||||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||||
Open long contracts | Futures Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 223,709 | $ 329,704 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.60% | 0.81% | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 436,427 | $ 194,246 | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 308,375 | $ 15,671 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.82% | 0.04% | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 24,210 | $ 2,412 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.06% | |||
Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 28,083 | $ (6,290) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.08% | (0.01%) | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (66,906) | $ (2,814) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.18%) | (0.01%) | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 32,738 | $ 11,987 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.09% | 0.03% | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 83,202 | $ 72,060 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | 0.17% | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 41,407 | $ 59,173 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.11% | 0.14% | ||
Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (14,682) | $ 42,047 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.04%) | 0.10% | ||
Open long contracts | Futures Contracts | Foreign Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (212,718) | $ 135,458 | ||
Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | (421) | $ (4,736) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |||
Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (26,270) | $ (4,286) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.07%) | (0.01%) | ||
Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (104,436) | |||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.26%) | |||
Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
No. of contracts | contract | [1] | 1 | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (9,067) | |||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.02%) | |||
Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (102,087) | |||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.27%) | |||
Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 15,301 | $ 112,035 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.04% | 0.28% | ||
Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 47,311 | $ 23,790 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.13% | 0.06% | ||
Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (137,485) | $ 113,091 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.37%) | 0.28% | ||
Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | $ (591,631) | ||||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||||
Open short contracts | Futures, Forward, and Swap Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | $ (105,752) | ||||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||||
Open short contracts | Futures Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,003,363 | $ (105,752) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 2.68% | (0.26%) | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 62,475 | $ (153,135) | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (70,821) | $ (25,242) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.19%) | (0.06%) | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (64,715) | $ (155,667) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.17%) | (0.38%) | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 38,320 | $ 21,981 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.10% | 0.05% | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 62,053 | $ 92,084 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.17% | 0.23% | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (1,000) | $ (3,450) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |||
Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | 1,025 | $ (38,060) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.09%) | |||
Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (17,397) | $ (5,828) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.05%) | (0.01%) | ||
Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 115,010 | $ (38,953) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.31% | (0.09%) | ||
Open short contracts | Futures Contracts | Foreign Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 940,888 | $ 47,383 | ||
Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | (1,539) | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (25,590) | |||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.07%) | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 195,028 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.48% | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
No. of contracts | contract | [1] | 53 | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 387,631 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 1.03% | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 526,976 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 1.41% | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 3,094 | $ (106,749) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.01% | (0.27%) | ||
Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 48,998 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.13% | |||
Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,318 | $ (40,896) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.10%) | |||
Open contracts | Futures, Forward, and Swap Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | $ (367,679) | ||||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||||
Open contracts | Futures Contracts | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,227,072 | $ 223,952 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 3.28% | 0.55% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 498,902 | $ 41,111 | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 237,554 | $ (9,571) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.63% | (0.02%) | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (40,505) | $ (153,255) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.11%) | (0.38%) | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 66,403 | $ 15,691 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.18% | 0.04% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (4,853) | $ 89,270 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | 0.22% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 31,738 | $ 8,537 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.08% | 0.02% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 84,227 | $ 34,000 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | 0.08% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 24,010 | $ 53,345 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.06% | 0.13% | ||
Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 100,328 | $ 3,094 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.27% | 0.01% | ||
Open contracts | Futures Contracts | Foreign Futures Positions | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 728,170 | $ 182,841 | ||
Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | (1,960) | $ (4,736) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |||
Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (51,860) | $ (4,286) | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.14%) | (0.01%) | ||
Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 90,592 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | |||
Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 378,564 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 1.01% | |||
Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 424,889 | |||
Percent of Partners' Capital (Net Asset Value) | [1] | 1.14% | |||
Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 18,395 | $ 5,286 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.05% | 0.01% | ||
Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ 96,309 | $ 23,790 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | 0.26% | 0.06% | ||
Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | [1] | $ (136,167) | $ 72,195 | ||
Percent of Partners' Capital (Net Asset Value) | [1] | (0.36%) | 0.18% | ||
Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Net unrealized gain/(loss) on open contracts | $ (591,631) | ||||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||||
Securities owned | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Investments Owned, Cost | $ 31,957,862 | $ 33,750,835 | |||
Investments Owned, Fair Value | $ 29,809,006 | $ 33,527,220 | |||
Securities owned | U.S. Government securities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Investments Owned, Cost | $ 2,491,161 | $ 5,990,211 | |||
Investments Owned, Fair Value | $ 2,498,651 | $ 5,991,677 | |||
Securities owned | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [2] | 50.22% | ||
Investments Owned, Cost | $ 21,986,587 | [2] | $ 20,386,587 | ||
Investments Owned, Fair Value | $ 20,869,657 | [2] | $ 20,406,689 | ||
Securities owned | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | [3] | 12.24% | [2] | 10.80% | |
Investments Owned, Face Value | [3] | $ 4,796,000 | [2] | $ 4,396,000 | |
Investments Owned, Rate of Return Range Minimum | [3] | 0.20% | [2] | 0.20% | |
Investments Owned, Rate of Return Range Maximum | [3] | 2.90% | [2] | 0.70% | |
Investments Owned, Fair Value | [3] | $ 4,584,488 | [2] | $ 4,390,024 | |
Securities owned | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [2] | 7.40% | ||
Investments Owned, Face Value | $ 3,000,000 | [2] | $ 3,000,000 | ||
Investments Owned, Rate of Return | 0.50% | [2] | 0.50% | ||
Investments Owned, Fair Value | $ 2,807,202 | [2] | $ 3,005,209 | ||
Securities owned | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [2] | 7.39% | ||
Investments Owned, Face Value | $ 3,000,000 | [2] | $ 3,000,000 | ||
Investments Owned, Rate of Return | 0.50% | [2] | 0.50% | ||
Investments Owned, Fair Value | $ 2,795,041 | [2] | $ 3,003,791 | ||
Securities owned | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | [3] | 23.41% | [2] | 19.71% | |
Investments Owned, Face Value | [3] | $ 9,200,000 | [2] | $ 8,000,000 | |
Investments Owned, Rate of Return Range Minimum | [3] | 0.40% | [2] | 0.40% | |
Investments Owned, Rate of Return Range Maximum | [3] | 3.50% | [2] | 1% | |
Investments Owned, Fair Value | [3] | $ 8,766,730 | [2] | $ 8,007,381 | |
Securities owned | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [2] | 4.92% | ||
Investments Owned, Face Value | $ 2,000,000 | [2] | $ 2,000,000 | ||
Investments Owned, Rate of Return | 0.30% | [2] | 0.30% | ||
Investments Owned, Fair Value | $ 1,916,196 | [2] | $ 2,000,284 | ||
Securities owned | U.S. Exchange Traded Funds | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | [3] | 17.20% | 17.54% | ||
Investments Owned, Shares | shares | [3] | 305,400 | 316,400 | ||
Investments Owned, Cost | [3] | $ 7,480,114 | $ 7,374,037 | ||
Investments Owned, Fair Value | [3] | $ 6,440,698 | $ 7,128,854 | ||
Securities owned | U.S. Treasury Bills | U.S. Government securities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | [3] | ||
Investments Owned, Face Value | $ 500,000 | $ 4,000,000 | [3] | ||
Investments Owned, Rate of Return Range Minimum | [3] | 0.20% | |||
Investments Owned, Rate of Return Range Maximum | [3] | 0.30% | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Fair Value | $ 499,139 | $ 3,993,846 | [3] | ||
Securities owned | US Treasury Notes | U.S. Government securities | |||||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Investments Owned, Face Value | $ 2,000,000 | $ 2,000,000 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 1,999,512 | $ 1,997,831 | |||
[1] No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. All or a portion of these positions are related to the General Partner's contribution (see Note 5). No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Net gains (losses) from futures, forward, and swap trading | ||||
Realized | $ (14,646) | $ 135 | $ (6) | |
Change in unrealized | (1,938,160) | 8,125 | (145,365) | |
Net gains (losses) from securities | (1,952,806) | 8,260 | (145,371) | |
Net trading gains (losses) | 2,853,558 | 5,991,641 | (3,802,216) | |
Income | ||||
Interest and dividend income, net | 412,124 | 187,976 | 535,621 | |
Expenses from operations | ||||
Brokerage charge | 1,954,194 | 2,110,551 | 2,316,366 | |
Incentive fees | 966,789 | 957,042 | 302,005 | |
Organizational and offering costs | 114,472 | 127,332 | 142,831 | |
Operating expenses | 101,789 | 112,517 | 124,916 | |
Total expenses | 3,137,244 | 3,307,442 | 2,886,118 | |
Net investment loss | (2,725,120) | (3,119,466) | (2,350,497) | |
Net income (loss) | $ 128,438 | $ 2,872,175 | $ (6,152,713) | |
Class A | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 23.17 | $ 50.09 | $ (91.29) | |
Weighted average number of units outstanding | 3,840.52 | 3,960.83 | 4,038.52 | |
Class B | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 13.80 | $ 37.57 | $ (78.01) | |
Weighted average number of units outstanding | 30,315.22 | 35,209.98 | 45,069.12 | |
Legacy 1 Class | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 37.97 | $ 57.62 | $ (59.65) | |
Weighted average number of units outstanding | 437.30 | 469.54 | 487.25 | |
Legacy 2 Class | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 34.80 | $ 53.97 | $ (59.58) | |
Weighted average number of units outstanding | 391.22 | 402.72 | 403.68 | |
Global 1 Class | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 42.95 | $ 62.52 | $ (56.37) | |
Weighted average number of units outstanding | 12,892.94 | 14,485.33 | 17,073.39 | |
Global 2 Class | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | $ 39.75 | $ 58.94 | $ (56.19) | |
Weighted average number of units outstanding | 413.86 | 696.50 | 811.23 | |
Global 3 Class | ||||
Net income (loss) per unit | ||||
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period | [1] | $ 22.36 | $ 39.55 | $ (57.02) |
Weighted average number of units outstanding | [1] | 6.31 | 12.62 | 280.67 |
Futures Contracts | ||||
Net gains (losses) from futures, forward, and swap trading | ||||
Realized | $ 4,737,637 | $ 7,061,115 | $ 2,740,200 | |
Change in unrealized | 1,003,120 | (1,339,886) | 1,162,031 | |
Commissions | (603,895) | (650,862) | (718,405) | |
Net gains (losses) | 5,136,862 | 5,070,367 | 3,183,826 | |
Forward Contracts | ||||
Net gains (losses) from futures, forward, and swap trading | ||||
Realized | 22,721 | (243,720) | ||
Change in unrealized | 63,929 | 5,144 | ||
Commissions | (2,576) | (7,865) | ||
Net gains (losses) | 84,074 | (246,441) | ||
Swap Contracts | ||||
Net gains (losses) from futures, forward, and swap trading | ||||
Realized | (922,129) | (2,136,220) | ||
Change in unrealized | 591,631 | 828,940 | (4,458,010) | |
Net gains (losses) | $ (330,498) | $ 828,940 | $ (6,594,230) | |
[1] Global 3 Class units closed effective as of February 28, 2022. The information presented for Global 3 Class units is for the two months ended February 28, 2022. |
Consolidated Statements of Chan
Consolidated Statements of Changes in Partners' Capital (Net Asset Value) - USD ($) | Class A General Partner | Class A Limited Partners | Class A | Class B Limited Partners | Class B | Legacy 1 Class Limited Partners | Legacy 1 Class | Legacy 2 Class General Partner | Legacy 2 Class Limited Partners | Legacy 2 Class | Global 1 Class General Partner | Global 1 Class Limited Partners | Global 1 Class | Global 2 Class General Partner | Global 2 Class Limited Partners | Global 2 Class | Global 3 Class Limited Partners | [1] | Global 3 Class | General Partner class General Partner | [2] | Total | |
Increase (Decrease) in Partners' Capital | |||||||||||||||||||||||
Net asset value per unit at end of period (in dollars per unit) | $ 992.10 | $ 799.78 | $ 832.28 | $ 808.27 | $ 836.87 | $ 815.99 | $ 677.29 | ||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2019 | $ 304,918 | $ 212,682 | $ 328,671 | $ 189,151 | |||||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2019 | 307.34 | 263.13 | 392.74 | 231.81 | |||||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2019 | $ 3,710,803 | $ 41,821,340 | $ 414,242 | $ 113,599 | $ 15,265,460 | $ 501,820 | $ 323,221 | ||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2019 | 3,740.34 | 52,290.82 | 497.72 | 140.55 | 18,241.21 | 614.97 | 477.23 | ||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2019 | $ 63,185,907 | ||||||||||||||||||||||
Increase (Decrease) in Partners' Capital | |||||||||||||||||||||||
Redemptions | $ (16,942) | $ (9,321,102) | $ (13,272) | $ (2,358,415) | $ (51,622) | $ (34,260) | (11,795,613) | ||||||||||||||||
Redemptions (in units) | (19.79) | (13,483.94) | (18.60) | (3,159.16) | (71.84) | (59.94) | |||||||||||||||||
Transfers in (out) | $ 236,369 | $ (236,369) | |||||||||||||||||||||
Transfers in (out) (in shares) | 323.66 | (404.67) | |||||||||||||||||||||
Net income (loss) | $ (28,058) | $ (342,352) | $ (4,490,744) | $ (30,784) | $ (15,679) | $ (8,375) | $ (22,137) | $ (1,119,265) | $ (13,027) | $ (37,530) | $ (44,762) | (6,152,713) | |||||||||||
Partners' capital, (net asset value) at Dec. 31, 2020 | $ 276,860 | $ 197,003 | $ 306,534 | $ 176,124 | |||||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2020 | 307.34 | 263.13 | 392.74 | 231.81 | |||||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2020 | $ 3,351,509 | $ 28,009,494 | $ 370,186 | $ 105,224 | $ 12,024,149 | $ 412,668 | $ 7,830 | ||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2020 | 3,720.55 | 38,806.88 | 479.12 | 140.55 | 15,405.71 | 543.13 | 12.62 | ||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2020 | 45,237,581 | ||||||||||||||||||||||
Increase (Decrease) in Partners' Capital | |||||||||||||||||||||||
Net asset value per unit at end of period (in dollars per unit) | $ 900.81 | $ 721.77 | $ 772.63 | $ 748.69 | $ 780.50 | $ 759.80 | $ 620.27 | [1] | |||||||||||||||
Redemptions | $ (75,000) | $ (26,827) | $ (5,189,664) | $ (21,845) | $ (10,000) | $ (337,306) | $ (1,553,783) | $ (189,788) | $ (70,571) | (7,474,784) | |||||||||||||
Redemptions (in units) | (76.05) | (27.49) | (6,673.03) | (26.25) | (12.46) | (392.74) | (1,847.31) | (231.81) | (85.60) | ||||||||||||||
Net income (loss) | $ 18,078 | $ 187,030 | $ 1,580,518 | $ 27,652 | $ 14,202 | $ 7,587 | $ 30,772 | $ 959,675 | $ 13,664 | $ 32,498 | $ 499 | 2,872,175 | |||||||||||
Partners' capital, (net asset value) at Dec. 31, 2021 | $ 219,938 | $ 219,938 | $ 201,205 | $ 201,205 | |||||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2021 | 231.29 | 231.29 | 250.67 | 250.67 | |||||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2021 | $ 3,511,712 | $ 3,511,712 | $ 24,400,348 | $ 24,400,348 | $ 375,993 | $ 375,993 | $ 112,811 | $ 112,811 | $ 11,430,041 | $ 11,430,041 | $ 374,595 | $ 374,595 | $ 8,329 | $ 8,329 | |||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2021 | 3,693.06 | 3,693.06 | 32,133.85 | 32,133.85 | 452.87 | 452.87 | 140.55 | 140.55 | 13,558.40 | 13,558.40 | 457.53 | 457.53 | 12.62 | 12.62 | |||||||||
Partners' capital, (net asset value) at Dec. 31, 2021 | 40,634,972 | ||||||||||||||||||||||
Increase (Decrease) in Partners' Capital | |||||||||||||||||||||||
Net asset value per unit at end of period (in dollars per unit) | $ 950.90 | $ 759.34 | $ 830.25 | $ 802.66 | $ 843.02 | $ 818.74 | $ 659.82 | [1] | |||||||||||||||
Contributions | $ 1,150,000 | 1,150,000 | |||||||||||||||||||||
Redemptions | $ (154,209) | $ (3,067,013) | $ (22,881) | $ (1,121,108) | $ (89,920) | $ (8,612) | (4,463,743) | ||||||||||||||||
Redemptions (in units) | (155.59) | (3,846.61) | (25.31) | (1,250.87) | (101.51) | (12.62) | |||||||||||||||||
Net income (loss) | $ 5,359 | $ 88,227 | $ 536,729 | $ 18,104 | $ 8,722 | $ 4,890 | $ 595,160 | $ 20,964 | $ 283 | $ (1,150,000) | 128,438 | ||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2022 | $ 225,297 | $ 225,297 | $ 209,927 | $ 209,927 | |||||||||||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2022 | 231.29 | 231.29 | 250.67 | 250.67 | |||||||||||||||||||
Partners' capital, (net asset value) at Dec. 31, 2022 | $ 3,445,730 | $ 3,445,730 | $ 21,870,064 | $ 21,870,064 | $ 371,216 | $ 371,216 | $ 117,701 | $ 117,701 | $ 10,904,093 | $ 10,904,093 | $ 305,639 | $ 305,639 | |||||||||||
Partners' capital, (net asset value) (in units) at Dec. 31, 2022 | 3,537.47 | 3,537.47 | 28,287.24 | 28,287.24 | 427.56 | 427.56 | 140.55 | 140.55 | 12,307.53 | 12,307.53 | 356.02 | 356.02 | 0 | ||||||||||
Partners' capital, (net asset value) at Dec. 31, 2022 | $ 37,449,667 | ||||||||||||||||||||||
Increase (Decrease) in Partners' Capital | |||||||||||||||||||||||
Net asset value per unit at end of period (in dollars per unit) | $ 974.07 | $ 773.14 | $ 868.22 | $ 837.46 | $ 885.97 | $ 858.49 | $ 0 | [1] | |||||||||||||||
[1] Global 3 Class units closed effective as of February 28, 2022. The information presented for Global 3 Class units is for the two months ended February 28, 2022. See Note 5 regarding the General Partner contribution and GP Class. |
Nature of Business and Signific
Nature of Business and Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Nature of Business and Significant Accounting Policies | |
Nature of Business and Significant Accounting Policies | Note 1. Nature of Business and Significant Accounting Policies Nature of business: Grant Park Futures Fund Limited Partnership (the “Partnership”) was organized as a limited partnership under Illinois law in August 1988 and will continue until December 31, 2027, unless terminated sooner as provided for in its Limited Partnership Agreement. As a commodity investment pool, the Partnership is subject to the regulations of the Commodity Futures Trading Commission (“CFTC”), an agency of the United States (U.S.) government which regulates most aspects of the commodity futures industry; rules of the National Futures Association, an industry self-regulatory organization; and the requirements of the various commodity exchanges where the Partnership executes transactions. Additionally, the Partnership is subject to the requirements of futures commission merchants (“FCMs”) and interbank and other market makers through which the Partnership trades. The Partnership is a registrant with the Securities and Exchange Commission (“SEC”), and, accordingly is subject to the regulatory requirements under the Securities Exchange Act of 1934, as amended. Prior to April 1, 2019, the Partnership was also subject to the regulatory requirements under the Securities Act of 1933, as amended. Effective April 1, 2019, limited partnership units of the Partnership are no longer offered for sale. For existing investors in the Partnership, business continues to be conducted as usual. There was no change in the trading, operations, or monthly statements, etc. as a result of the termination of the offering, and redemption requests continue to be offered on a monthly basis. The Partnership engages in the speculative trading of futures and forward contracts for commodities, financial instruments or currencies, any rights pertaining thereto and any options thereon, or on physical commodities, equities, listed options, swap transactions and broad based exchange-traded funds. The Partnership may also engage in hedge, arbitrage and cash trading of commodities and futures. The Partnership is a multi-advisor commodity pool that invests the assets of each class of the Partnership in the Partnership’s subsidiary limited liability trading companies (each, a “Trading Company” and collectively, the “Trading Companies”) which (i) enter into advisory agreements with the independent commodity trading advisors retained by the general partner; (ii) enter into swap transactions or derivative instruments tied to the performance of certain reference traders; and/or (iii) allocate assets to the Partnership’s cash management trading company. The Partnership’s general partner, commodity pool operator and sponsor is Dearborn Capital Management, L.L.C. (“the General Partner”), an Illinois limited liability company. The Trading Companies were set up to, among other things, segregate risk by commodity trading advisor or reference trader. Effectively, this structure isolates one trading advisor or reference trader from another and any losses from one Trading Company will not carry over to the other Trading Companies. The following is a list of the Trading Companies, for which the Partnership is the sole member and all of which were organized as Delaware limited liability companies: GP 1, LLC (“GP 1”) GP 5, LLC (“GP 5”) GP 18, LLC (“GP 18”) GP 3, LLC (“GP 3”) GP 8, LLC (“GP 8”) GP 4, LLC (“GP 4”) GP 9, LLC (“GP 9”) There were no assets allocated to GP 1, GP 5 and GP 9 as of December 31, 2022 and GP 1 and GP 9 as of December 31, 2021. Additionally, GP Cash Management, LLC (“GP Cash Management”) was created as a Delaware limited liability company to collectively manage and invest excess cash not required to be held at clearing brokers. The excess cash is held in a separate account in the name of GP Cash Management, LLC and custodied at State Street Bank and Trust Company. The members of GP Cash Management are the Trading Companies. Classes of interests: The GP Class was established December 31, 2022 as a non-earning equity general partner class for accounting purposes only (see Note 5). As previously disclosed and described in the Partnership’s prospectus, all Global 3 Class units have either been exchanged to Global 1 Class units or fully redeemed. As a result, the Global 3 Class is closed effective as of February 28, 2022. Both Class A and Class B units are traded pursuant to identical trading programs and differ only in respect to the brokerage charge and organization and offering costs payable to the General Partner. Both Legacy 1 Class and Legacy 2 Class units are traded pursuant to trading programs pursuing a technical trend trading philosophy, which is the same trading philosophy used for the Class A and Class B units. The Legacy 1 Class and Legacy 2 Class units differ only in respect to the brokerage charge payable to the General Partner. The Legacy 1 Class and Legacy 2 Class units were offered only to investors who are represented by approved selling agents who are directly compensated by the investor for services rendered in connection with an investment in the Partnership (such arrangements commonly referred to as “wrap-accounts”). The Global 1 Class, Global 2 Class and Global 3 Class units are traded pursuant to trading programs pursuing technical trend trading philosophies. The Global 1 Class, Global 2 Class and Global 3 Class units differ in respect to the General Partner’s brokerage charge. The Global 1 Class and Global 2 Class units were offered only to investors in wrap accounts. The Partnership’s significant accounting policies are as follows: Accounting principles: Financial Services – Investment Companies Consolidation: Use of estimates: Cash and cash equivalents: Valuation of investments: Investment transactions, investment income and expenses: net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Dividend income is recognized on the ex-dividend date. Premiums and discounts on fixed income securities are amortized and accreted for financial reporting purposes. Set forth in Note 11 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership. Commissions: Redemptions payable: Distinguishing Liabilities from Equity Income taxes: The Partnership follows the provisions of FASB ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of December 31, 2022, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2019. Organization and offering costs: annually, of the net asset value of the Partnership. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed these limits in any prior year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit set forth above. Amounts reimbursed by the Partnership with respect to the organization and the continuous public offering expenses are charged to expense from operations at the time of reimbursement or accrual. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. The Partnership is only liable for payment of offering costs on a monthly basis as calculated based on the limitations stated above. As of December 31, 2022, unreimbursed organization and offering costs incurred by the General Partner were approximately Foreign currency transactions: The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. Swap contracts: Changes in the value of the swap agreements are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. The final exchange amount based on the swap value at the termination of the swap agreement will be recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies the Partnership entered into a total return swap with Deutsche Bank AG. The Partnership maintained cash as collateral to secure its obligations under the swap. As of December 31, 2022 and 2021, the notional value of the swap was Statement of cash flows: Statement of Cash Flows Reclassification: Recent accounting pronouncements: Reference Rate Reform . The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. ASU 2020-04 has been updated by ASU 2022-06 to defer the effective date through December 31, 2024. ASU 2020-04 has not had a significant impact on the Partnership’s consolidated financial statements and disclosures. The Partnership did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the twelve months ended December 31, 2022. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Measurements | |
Fair Value Measurements | Note 2. Fair Value Measurements As described in Note 1, the Partnership follows the provisions of FASB ASC 820, Fair Value Measurements and Disclosures Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2. Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement. Level 3. Inputs that are unobservable for the asset or liability. The Partnership does not have any assets classified as Level 3. The following section describes the valuation techniques used by the Partnership to measure different financial instruments at fair value and includes the level within the fair value hierarchy in which the financial instrument is categorized. The fair value of exchange-traded futures contracts and exchange-traded funds are based upon exchange settlement prices as of the last business day of the reporting period. These financial instruments are classified in Level 1 of the fair value hierarchy. The Partnership values forward contracts based on the average bid and ask price of quoted forward spot prices obtained as of the last business day of the reporting period, and forward contracts are classified in Level 2 of the fair value hierarchy. U.S. Government securities and U.S. Government-sponsored enterprise securities are stated at cost plus accrued interest, which approximates fair value based on quoted market prices in an active market or are valued using current market quotations provided by an independent external pricing source to determine fair value. The Partnership compares market prices quoted by dealers to the cost plus accrued interest to ensure a reasonable approximation of fair value. These securities are classified in Level 2 of the fair value hierarchy. The investments in total return swaps are reported at fair value based on daily price reporting from the swap counterparty, which uses exchange prices to value most futures positions and the remaining positions are valued using proprietary pricing models of the counterparty. The Partnership’s swap transactions are a two-party contract entered into primarily to exchange the returns earned or realized on particular pre-determined investments or instruments. The gross returns to be exchanged or swapped between parties are calculated with respect to a notional amount. The total return swaps have inputs which are transparent and can generally be corroborated by market data and therefore are classified within Level 2 of the fair value hierarchy. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022: Assets and Liabilities Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 1,227,072 $ — $ — $ 1,227,072 Securities owned U.S. Government-sponsored enterprises — 20,869,657 — 20,869,657 U.S. Government securities — 2,498,651 — 2,498,651 U.S. Exchange-traded funds 6,440,698 — — 6,440,698 Total $ 7,667,770 $ 23,368,308 $ — $ 31,036,078 The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 11. See the consolidated condensed schedule of investments for detail by sector. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2021: Assets and Liabilities Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 223,952 $ — $ — $ 223,952 Swap contracts — (591,631) — (591,631) Securities owned U.S. Government-sponsored enterprises — 20,406,689 — 20,406,689 U.S. Government securities — 5,991,677 — 5,991,677 U.S. Exchange-traded funds 7,128,854 — — 7,128,854 Total $ 7,352,806 $ 25,806,735 $ — $ 33,159,541 The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 11. See the consolidated condensed schedule of investments for detail by sector. The Partnership assesses the level of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Partnership’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. There were no transfers among Levels 1, 2, and 3 during the years ended December 31, 2022 and 2021. |
Deposits with Brokers and Inter
Deposits with Brokers and Interbank Market Makers | 12 Months Ended |
Dec. 31, 2022 | |
Deposits with Brokers and Interbank Market Makers | |
Deposits with Brokers and Interbank Market Makers | Note 3. Deposits with Brokers and Interbank Market Makers The Partnership, through the Trading Companies, deposits assets with ADM Investor Services, Inc. and Rosenthal Collins Group Division of Marex Spectron subject to CFTC regulations and various exchange and broker requirements. Margin requirements may be satisfied by the deposit of U.S. Treasury bills, U.S. Government-sponsored enterprise securities and/or cash with such clearing brokers. The Partnership may earn interest income on its assets deposited with the clearing brokers. The Partnership, through the Trading Companies, entered into a relationship with Deutsche Bank AG for its swap transactions. The Partnership entered into an International Swaps and Derivatives Association, Inc. master agreement with Deutsche Bank AG. Margin requirements may be satisfied by the deposit of U.S. Treasury bills and/or cash with such interbank market makers or swap counterparties. The Partnership may earn interest income on its assets deposited with the interbank market makers. |
Commodity Trading Advisors and
Commodity Trading Advisors and Reference Traders | 12 Months Ended |
Dec. 31, 2022 | |
Commodity Trading Advisors and Reference Traders | |
Commodity Trading Advisors and Reference Traders | Note 4. Commodity Trading Advisors, Reference Traders and Cash Managers The Partnership, through the Trading Companies, allocates assets to the commodity trading advisors or through swap transactions based on reference programs of such advisors. Each trading advisor that receives a direct allocation from the Partnership has entered into an advisory contract with the Partnership. As of December 31, 2022, the commodity trading advisors are EMC Capital Advisors, LLC (“EMC”), Episteme Capital Partners (UK) LLP (“Episteme”), Quantica Capital AG (“Quantica”) and Sterling Partners Quantitative Investments LLC (“Sterling”), (collectively, the “Advisors”). The Partnership obtained the equivalent of net profits or net losses generated by H2O AM, LLP (“H2O”) as a reference trader (“Reference Trader”) through an off-exchange swap transaction and did not allocate assets to H2O directly. The swap was terminated effective March 9, 2022. The Advisors and Reference Trader are paid a quarterly consulting fee, directly or through swap transactions, ranging from 0.2 percent to 1 percent per annum of the Partnership’s month-end allocated net assets and a quarterly or semi-annual incentive fee, directly or through swap transactions, ranging from 0 percent to 20 percent of the new trading profits on the allocated net assets of the Advisor or Reference Trader. The Partnership has engaged Middleton Dickinson Capital Management, LLC (the “Cash Manager”) as cash manager to manage and control the liquid assets of the Partnership. The Cash Manager is a limited liability company formed in the State of Illinois, and is registered as an investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The Partnership opened a custodial account at State Street Bank and Trust Company (“Custodian”), and has granted the Cash Manager a limited power of attorney over such account. Such power of attorney gives the Cash Manager authority to make certain investments on behalf of the Partnership provided such investments are consistent with agreed upon investment guidelines. Such investments include, but are not limited to, U.S. Government-sponsored enterprise securities, U.S. Treasury securities, corporate bonds, investment grade money markets instruments and exchange-traded funds. All securities purchased by the Cash Manager on behalf of the Partnership or other liquid funds of the Partnership are held in the Partnership’s custody account at the Custodian. The Cash Manager has no beneficial or other interest in the securities and cash in such custody account. The Partnership incurred monthly fees, payable in arrears to the Cash Manager and Custodian, equal to approximately 0.25%, 0.23% and 0.22% per annum of the Partnership’s average month-end net assets for the years ended December 31, 2022, 2021 and 2020, respectively. The fees are netted against interest and dividend income on the consolidated statements of operations. |
General Partner and Related Par
General Partner and Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
General Partner and Related Party Transactions | |
General Partner and Related Party Transactions | Note 5. General Partner and Related Party Transactions The General Partner shall at all times, so long as it remains a general partner of the Partnership, own Units in the Partnership: (i) in an amount sufficient, in the opinion of counsel for the Partnership, for the Partnership to be taxed as a partnership rather than as an association taxable as a corporation; and (ii) during such time as the Units are registered for sale to the public, in an amount at least equal to the greater of: (a) 1 percent of all capital contributions of all Partners to the Partnership; or (b) $25,000; or such other amount satisfying the requirements then imposed by the North American Securities Administrators Association, Inc. (“NASAA”) Guidelines. Further, during such time as the Units are registered for sale to the public, the General Partner shall, so long as it remains a general partner of the Partnership, maintain a net worth (as such term may be defined in the NASAA Guidelines) at least equal to the greater of: (i) 5 percent of the total capital contributions of all partners and all limited partnerships to which it is a general partner (including the Partnership) plus 5 percent of the Units being offered for sale in the Partnership; or (ii) $50,000; or such other amount satisfying the requirements then imposed by the NASAA Guidelines. In no event, however, shall the General Partner be required to maintain a net worth in excess of $1,000,000 or such other maximum amount satisfying the requirements then imposed by the NASAA Guidelines. Ten percent of the General Partner’s limited partnership interest in the Partnership is characterized as a general partnership interest. Notwithstanding, the general partnership interest will continue to pay all fees associated with a limited partnership interest. The Partnership pays the General Partner a monthly brokerage charge, organization and offering reimbursement and operating expenses. The annualized brokerage charge, organization and offering reimbursement and operating expenses are presented in the table below. Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units 7.00 % 0.10 % 0.25 % Class B units 7.45 % 0.30 % 0.25 % Legacy 1 Class units 4.50 % 0.30 % 0.25 % Legacy 2 Class units 4.75 % 0.30 % 0.25 % Global 1 Class units 3.95 % 0.30 % 0.25 % Global 2 Class units 4.20 % 0.30 % 0.25 % Global 3 Class units 5.95 % 0.30 % 0.25 % *The fees are calculated and payable monthly on the basis of month-end adjusted net assets. “Adjusted net assets” is defined as the month-end net assets of the particular class before accruals for fees and expenses and redemptions. Included in the total brokerage charge are amounts paid to the clearing brokers for execution and clearing costs, which are reflected in the commissions line of the consolidated statements of operations, and the remaining amounts are management fees paid to the Advisors, compensation to the selling agents and an amount to the General Partner for management services rendered, which are reflected in the brokerage charge line on the consolidated statements of operations. The brokerage charge in the amounts of $1,954,194, $2,110,551 and $2,316,366 for the years ended December 31, 2022, 2021 and 2020, respectively, are shown on the consolidated statements of operations. Transaction costs and consulting fees are taken into account in determining the net amount the Partnership receives or pays in connection with swap transactions, but such costs or fees are not directly charged to the Partnership or any of its trading companies. The general partner will reduce (but not below zero) the brokerage charge by the amount of such costs and fees. Each class of units pays a fee to a counterparty in respect of any swap transaction of up to 0.50% of the notional amount of such swap transaction. Ongoing organization and offering costs of the Partnership are paid for by the General Partner and reimbursed by the Partnership. The organization and offering costs in the amounts of $114,472, $127,332 and $142,831 for the years ended December 31, 2022, 2021, and 2020, respectively, are shown on the consolidated statements of operations. Operating expenses of the Partnership are paid for by the General Partner and reimbursed by the Partnership. To the extent operating expenses are less than 0.25 percent of the Partnership’s average month-end net assets during the year, the difference may be reimbursed, at the General Partner’s discretion, pro rata to record-holders as of December 31 of each year. The operating expenses in the amounts of $101,789, $112,517 and $124,916 for the years ended December 31, 2022, 2021, and 2020, respectively, are shown on the consolidated statement of operations. An entity owned in part and controlled by Mr. Kavanagh, who indirectly controls and is president of Dearborn Capital Management, L.L.C., the general partner of the Partnership, and in part by Mr. Al Rayes, who is a principal of the General Partner, and an entity owned in part and controlled by Mr. Meehan, the chief operating officer of the general partner, and Mr. Benitez, executive vice president, product management of the general partner, hold a minority ownership interest in EMC, which is one of the commodity trading advisors of the Partnership. The general partner, on behalf of the Partnership, pays EMC a quarterly consulting fee and a quarterly incentive fee based on new trading profits, if any, achieved on EMC’s allocated net assets at the end of each period. For the years ended December 31, 2022, 2021 and 2020, EMC was paid approximately , respectively in incentive fees. The General Partner has entered into an agreement with the Partnership and has made a capital contribution in the amount of $1,150,000 to the Partnership which is shown as a Receivable from General Partner on the consolidated statements of financial condition. The General Partner’s contribution to the Partnership was related to certain U.S. Government-sponsored enterprise securities held by the Partnership as of December 31, 2022 that were initially valued using cost plus accrued interest in accordance with the Partnership’s valuation procedures. The U.S. Government-sponsored enterprises decreased in value due to the significant rise in interest rates in 2022 and were written down to fair value on the Partnership’s books as of December 31, 2022, as required by GAAP, resulting in a $1,150,000 unrealized loss on these positions. The full $1,150,000 unrealized loss was allocated to the General Partner. The capital contribution was invested in the GP Class, as reflected on the consolidated statements of changes in partners’ capital. The GP Class was opened solely to absorb the losses of the specific U.S. Government-sponsored enterprise securities. The General Partner’s contribution that can be recovered will be reduced monthly by a percentage of the Limited Partner’s redemptions. To the extent the securities are sold or held to maturity without any realized losses, and after the monthly reduction for Limited Partner redemptions, the capital contribution shall be returned to the General Partner. The agreement will terminate on November 18, 2024, when all specific U.S. Government-sponsored enterprise securities have matured. The General Partner has elected to make a contribution to the Partnership in 2023 in the amount of $156,800 which amount represents the difference between the mark-to-market valuation and the cost plus accrued interest value for redeeming Limited Partners and certain fund expense allocations throughout 2022. As a result of these contributions, Limited Partners in the Partnership were not impacted by the valuation differences. |
Redemptions and Allocation of N
Redemptions and Allocation of Net Income or Loss | 12 Months Ended |
Dec. 31, 2022 | |
Redemptions and Allocation of Net Income or Loss | |
Redemptions and Allocation of Net Income or Loss | Note 6. Redemptions and Allocation of Net Income or Loss Class A, Class B, Legacy 1 Class, Legacy 2 Class, Global 1 Class, Global 2 Class and Global 3 Class Limited Partners have the right to redeem units as of any month-end upon ten (10) days’ prior written notice to the Partnership. The General Partner, however, may permit earlier redemptions in its discretion. Redemptions will be made as of the last day of the month for an amount equal to the net asset value per unit, as defined, represented by the units to be redeemed. The right to obtain redemption is also contingent upon the Partnership’s having property sufficient to discharge its liabilities on the redemption date and may be delayed if the General Partner determines that earlier liquidation of commodity interest positions to meet redemption payments would be detrimental to the Partnership or nonredeeming Limited Partners. In addition, the General Partner may at any time cause the redemption of all or a portion of any Limited Partner’s units upon fifteen (15) days’ written notice. The General Partner may also immediately redeem any Limited Partner’s units without notice if the General Partner believes that (i) the redemption is necessary to avoid having the assets of the Partnership deemed Plan Assets under the Employee Retirement Income Security Act of 1974 , as amended (“ERISA”), (ii) the Limited Partner made a misrepresentation in connection with its subscription for the units, or (iii) the redemption is necessary to avoid a violation of law by the Partnership or any Partner. In accordance with the Third Amended and Restated Limited Partnership Agreement, net income or loss of the Partnership is allocated to partners according to their respective interests in the Partnership as of the beginning of the month. |
Assets and Condensed Schedule o
Assets and Condensed Schedule of Investments by Class of Units | 12 Months Ended |
Dec. 31, 2022 | |
Assets and Condensed Schedule of Investments by Class of Units | |
Futures, Forwards and Options on Futures and Forward Contracts by Class of Units | Note 7. Assets and Condensed Schedule of Investments by Class of Units The following schedules of assets by class of units and condensed schedule of investments by class of units reflect activity and percent of partners’ capital for each class of the Partnership as of December 31, 2022 and 2021 . Class A Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 449,568 Net unrealized gain (loss) on open futures contracts 120,284 Total equity in brokers' trading accounts 569,852 Cash and cash equivalents 156,353 Securities owned, at fair value (cost $3,132,689) 2,922,046 Receivable from General Partner (See Note 5) 112,729 Interest receivable, net 60 Total assets $ 3,761,040 Futures Contracts owned by Class A Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 30,228 0.82 % $ (6,942) (0.19) % $ 23,286 0.63 % Currencies 2,373 0.06 % (6,344) (0.17) % (3,971) (0.11) % Energy 2,753 0.08 % 3,756 0.10 % 6,509 0.18 % Interest rates (6,559) (0.18) % 6,083 0.17 % (476) (0.01) % Meats 3,209 0.09 % (98) — % 3,111 0.08 % Metals 8,156 0.22 % 100 — % 8,256 0.22 % Soft commodities 4,059 0.11 % (1,705) (0.05) % 2,354 0.06 % Stock indices (1,439) (0.04) % 11,274 0.31 % 9,835 0.27 % Total U.S. Futures Positions 42,780 6,124 48,904 Foreign Futures Positions: Agriculturals (41) — % (151) — % (192) — % Energy (2,575) (0.07) % (2,508) (0.07) % (5,083) (0.14) % Interest rates Euro bund Mar-23 — 5 (889) (0.02) % 37,998 1.03 % 37,109 1.01 % Other interest rates (10,007) (0.27) % 51,657 1.41 % 41,650 1.14 % Metals 1,500 0.04 % 303 0.01 % 1,803 0.05 % Soft commodities 4,638 0.13 % 4,803 0.13 % 9,441 0.26 % Stock indices (13,477) (0.37) % 129 — % (13,348) (0.36) % Total Foreign Futures Positions (20,851) 92,231 71,380 Total Futures Contracts $ 21,929 0.60 % $ 98,355 2.68 % $ 120,284 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Class A Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 470,131 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 449,397 12.24 % 294,077 8/26/2024 Federal Home Loan Banks, 0.5% 275,178 7.50 % 294,077 9/30/2024 Federal Home Loan Banks, 0.5% 273,986 7.46 % 901,836 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 859,365 23.41 % 196,051 12/15/2023 Federal National Mortgage Assoc., 0.3% 187,836 5.12 % Total U.S. Government-sponsored enterprises (cost $2,155,249) $ 2,045,762 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 49,013 2/23/2023 U.S. Treasury bill, 1.2% $ 48,928 1.33 % 196,051 5/31/2023 U.S. Treasury note, 0.2% 196,003 5.34 % Total U.S. Government securities (cost $244,198) $ 244,931 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 29,937 U.S. Exchange-traded funds (cost $733,242) ** $ 631,353 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Class A Units at December 31, 2022 (cost of $3,132,689 ) $ 2,922,046 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Class B Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 2,678,289 Net unrealized gain (loss) on open futures contracts 716,591 Total equity in brokers' trading accounts 3,394,880 Cash and cash equivalents 931,470 Securities owned, at fair value (cost $18,662,929) 17,408,028 Receivable from General Partner (See Note 5) 671,583 Interest receivable, net 358 Total assets $ 22,406,319 Futures Contracts owned by Class B Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 180,086 0.82 % $ (41,358) (0.19) % $ 138,728 0.63 % Currencies 14,138 0.06 % (37,793) (0.17) % (23,655) (0.11) % Energy 16,400 0.08 % 22,378 0.10 % 38,778 0.18 % Interest rates (39,072) (0.18) % 36,238 0.17 % (2,834) (0.01) % Meats 19,119 0.09 % (584) — % 18,535 0.08 % Metals 48,588 0.22 % 600 — % 49,188 0.22 % Soft commodities 24,182 0.11 % (10,161) (0.05) % 14,021 0.06 % Stock indices (8,574) (0.04) % 67,164 0.31 % 58,590 0.27 % Total U.S. Futures Positions 254,867 36,484 291,351 Foreign Futures Positions: Agriculturals (246) — % (899) — % (1,145) — % Energy (15,341) (0.07) % (14,944) (0.07) % (30,285) (0.14) % Interest rates Euro bund Mar-23 1 32 (5,295) (0.02) % 226,371 1.03 % 221,076 1.01 % Other interest rates (59,617) (0.27) % 307,746 1.41 % 248,129 1.14 % Metals 8,935 0.04 % 1,807 0.01 % 10,742 0.05 % Soft commodities 27,629 0.13 % 28,614 0.13 % 56,243 0.26 % Stock indices (80,289) (0.37) % 769 — % (79,520) (0.36) % Total Foreign Futures Positions (124,224) 549,464 425,240 Total Futures Contracts $ 130,643 0.60 % $ 585,948 2.68 % $ 716,591 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Class B Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 2,800,794 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 2,677,275 12.24 % 1,751,957 8/26/2024 Federal Home Loan Banks, 0.5% 1,639,365 7.50 % 1,751,957 9/30/2024 Federal Home Loan Banks, 0.5% 1,632,263 7.46 % 5,372,667 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 5,119,644 23.41 % 1,167,971 12/15/2023 Federal National Mortgage Assoc., 0.3% 1,119,031 5.12 % Total U.S. Government-sponsored enterprises (cost $12,839,849) $ 12,187,578 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 291,993 2/23/2023 U.S. Treasury bill, 1.2% $ 291,489 1.33 % 1,167,971 5/31/2023 U.S. Treasury note, 0.2% 1,167,686 5.34 % Total U.S. Government securities (cost $1,454,802) $ 1,459,175 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 178,350 U.S. Exchange-traded funds (cost $4,368,278) ** $ 3,761,275 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Class B Units at December 31, 2022 (cost of $18,662,929 ) $ 17,408,028 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Legacy 1 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 45,460 Net unrealized gain (loss) on open futures contracts 12,163 Total equity in brokers' trading accounts 57,623 Cash and cash equivalents 15,811 Securities owned, at fair value (cost $316,779) 295,479 Receivable from General Partner (See Note 5) 11,399 Interest receivable, net 6 Total assets $ 380,318 Futures Contracts owned by Legacy 1 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 3,057 0.82 % $ (702) (0.19) % $ 2,355 0.63 % Currencies 240 0.06 % (641) (0.17) % (401) (0.11) % Energy 278 0.08 % 380 0.10 % 658 0.18 % Interest rates (663) (0.18) % 615 0.17 % (48) (0.01) % Meats 325 0.09 % (10) — % 315 0.08 % Metals 825 0.22 % 10 — % 835 0.22 % Soft commodities 410 0.11 % (172) (0.05) % 238 0.06 % Stock indices (146) (0.04) % 1,140 0.31 % 994 0.27 % Total U.S. Futures Positions 4,326 620 4,946 Foreign Futures Positions: Agriculturals (4) — % (15) — % (19) — % Energy (261) (0.07) % (254) (0.07) % (515) (0.14) % Interest rates Euro bund Mar-23 — 1 (90) (0.02) % 3,842 1.03 % 3,752 1.01 % Other interest rates (1,013) (0.27) % 5,224 1.41 % 4,211 1.14 % Metals 152 0.04 % 31 0.01 % 183 0.05 % Soft commodities 469 0.13 % 486 0.13 % 955 0.26 % Stock indices (1,363) (0.37) % 13 — % (1,350) (0.36) % Total Foreign Futures Positions (2,110) 9,327 7,217 Total Futures Contracts $ 2,216 0.60 % $ 9,947 2.68 % $ 12,163 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Legacy 1 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 47,540 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 45,443 12.24 % 29,737 8/26/2024 Federal Home Loan Banks, 0.5% 27,826 7.50 % 29,737 9/30/2024 Federal Home Loan Banks, 0.5% 27,706 7.46 % 91,194 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 86,899 23.41 % 19,825 12/15/2023 Federal National Mortgage Assoc., 0.3% 18,994 5.12 % Total U.S. Government-sponsored enterprises (cost $217,940) $ 206,868 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,956 2/23/2023 U.S. Treasury bill, 1.2% $ 4,948 1.33 % 19,825 5/31/2023 U.S. Treasury note, 0.2% 19,820 5.34 % Total U.S. Government securities (cost $24,693) $ 24,768 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 3,027 U.S. Exchange-traded funds (cost $74,146) ** $ 63,843 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 1 Class Units at December 31, 2022 (cost of $316,779 ) $ 295,479 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Legacy 2 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 40,123 Net unrealized gain (loss) on open futures contracts 10,735 Total equity in brokers' trading accounts 50,858 Cash and cash equivalents 13,954 Securities owned, at fair value (cost $279,583) 260,784 Receivable from General Partner (See Note 5) 10,061 Interest receivable, net 5 Total assets $ 335,662 Futures Contracts owned by Legacy 2 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 2,698 0.82 % $ (620) (0.19) % $ 2,078 0.63 % Currencies 212 0.06 % (566) (0.17) % (354) (0.11) % Energy 246 0.08 % 335 0.10 % 581 0.18 % Interest rates (585) (0.18) % 543 0.17 % (42) (0.01) % Meats 286 0.09 % (9) — % 277 0.08 % Metals 728 0.22 % 9 — % 737 0.22 % Soft commodities 362 0.11 % (152) (0.05) % 210 0.06 % Stock indices (128) (0.04) % 1,006 0.31 % 878 0.27 % Total U.S. Futures Positions 3,819 546 4,365 Foreign Futures Positions: Agriculturals (4) — % (13) — % (17) — % Energy (230) (0.07) % (224) (0.07) % (454) (0.14) % Interest rates Euro bund Mar-23 — — (79) (0.02) % 3,391 1.03 % 3,312 1.01 % Other interest rates (893) (0.27) % 4,610 1.41 % 3,717 1.14 % Metals 134 0.04 % 27 0.01 % 161 0.05 % Soft commodities 414 0.13 % 428 0.13 % 842 0.26 % Stock indices (1,203) (0.37) % 12 — % (1,191) (0.36) % Total Foreign Futures Positions (1,861) 8,231 6,370 Total Futures Contracts $ 1,958 0.60 % $ 8,777 2.68 % $ 10,735 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Legacy 2 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 41,958 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 40,107 12.24 % 26,245 8/26/2024 Federal Home Loan Banks, 0.5% 24,559 7.50 % 26,245 9/30/2024 Federal Home Loan Banks, 0.5% 24,452 7.46 % 80,486 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 76,696 23.41 % 17,497 12/15/2023 Federal National Mortgage Assoc., 0.3% 16,764 5.12 % Total U.S. Government-sponsored enterprises (cost $192,349) $ 182,578 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,374 2/23/2023 U.S. Treasury bill, 1.2% $ 4,367 1.33 % 17,497 5/31/2023 U.S. Treasury note, 0.2% 17,493 5.34 % Total U.S. Government securities (cost $21,794) $ 21,860 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,672 U.S. Exchange-traded funds (cost $65,440) ** $ 56,346 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 2 Class Units at December 31, 2022 (cost of $279,583 ) $ 260,784 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Global 1 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 1,335,356 Net unrealized gain (loss) on open futures contracts 357,283 Total equity in brokers' trading accounts 1,692,639 Cash and cash equivalents 464,418 Securities owned, at fair value (cost $9,305,063) 8,679,388 Receivable from General Partner (See Note 5) 334,842 Interest receivable, net 178 Total assets $ 11,171,465 Futures Contracts owned by Global 1 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 89,789 0.82 % $ (20,621) (0.19) % $ 69,168 0.63 % Currencies 7,049 0.06 % (18,843) (0.17) % (11,794) (0.11) % Energy 8,177 0.08 % 11,158 0.10 % 19,335 0.18 % Interest rates (19,481) (0.18) % 18,068 0.17 % (1,413) (0.01) % Meats 9,532 0.09 % (291) — % 9,241 0.08 % Metals 24,226 0.22 % 298 — % 24,524 0.22 % Soft commodities 12,056 0.11 % (5,065) (0.05) % 6,991 0.06 % Stock indices (4,275) (0.04) % 33,487 0.31 % 29,212 0.27 % Total U.S. Futures Positions 127,073 18,191 145,264 Foreign Futures Positions: Agriculturals (123) — % (448) — % (571) — % Energy (7,649) (0.07) % (7,451) (0.07) % (15,100) (0.14) % Interest rates Euro bund Mar-23 — 15 (2,640) (0.02) % 112,865 1.03 % 110,225 1.01 % Other interest rates (29,724) (0.27) % 153,438 1.41 % 123,714 1.14 % Metals 4,455 0.04 % 901 0.01 % 5,356 0.05 % Soft commodities 13,775 0.13 % 14,267 0.13 % 28,042 0.26 % Stock indices (40,031) (0.37) % 384 — % (39,647) (0.36) % Total Foreign Futures Positions (61,937) 273,956 212,019 Total Futures Contracts $ 65,136 0.60 % $ 292,147 2.68 % $ 357,283 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Global 1 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 1,396,435 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 1,334,850 12.24 % 873,500 8/26/2024 Federal Home Loan Banks, 0.5% 817,364 7.50 % 873,500 9/30/2024 Federal Home Loan Banks, 0.5% 813,823 7.46 % 2,678,733 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 2,552,579 23.41 % 582,333 12/15/2023 Federal National Mortgage Assoc., 0.3% 557,932 5.12 % Total U.S. Government-sponsored enterprises (cost $6,401,760) $ 6,076,548 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 145,583 2/23/2023 U.S. Treasury bill, 1.2% $ 145,333 1.33 % 582,333 5/31/2023 U.S. Treasury note, 0.2% 582,191 5.34 % Total U.S. Government securities (cost $725,343) $ 727,524 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 88,922 U.S. Exchange-traded funds (cost $2,177,960) ** $ 1,875,316 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 1 Class Units at December 31, 2022 (cost of $9,305,063 ) $ 8,679,388 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Global 2 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 37,430 Net unrealized gain (loss) on open futures contracts 10,016 Total equity in brokers' trading accounts 47,446 Cash and cash equivalents 13,018 Securities owned, at fair value (cost $260,819) 243,281 Receivable from General Partner (See Note 5) 9,386 Interest receivable, net 5 Total assets $ 313,136 Futures Contracts owned by Global 2 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 2,517 0.82 % $ (578) (0.19) % $ 1,939 0.63 % Currencies 198 0.06 % (528) (0.17) % (330) (0.11) % Energy 229 0.08 % 313 0.10 % 542 0.18 % Interest rates (546) (0.18) % 506 0.17 % (40) (0.01) % Meats 267 0.09 % (8) — % 259 0.08 % Metals 679 0.22 % 8 — % 687 0.22 % Soft commodities 338 0.11 % (142) (0.05) % 196 0.06 % Stock indices (120) (0.04) % 939 0.31 % 819 0.27 % Total U.S. Futures Positions 3,562 510 4,072 Foreign Futures Positions: Agriculturals (3) — % (13) — % (16) — % Energy (214) (0.07) % (209) (0.07) % (423) (0.14) % Interest rates Euro bund Mar-23 — — (74) (0.02) % 3,164 1.03 % 3,090 1.01 % Other interest rates (833) (0.27) % 4,301 1.41 % 3,468 1.14 % Metals 125 0.04 % 25 0.01 % 150 0.05 % Soft commodities 386 0.13 % 400 0.13 % 786 0.26 % Stock indices (1,122) (0.37) % 11 — % (1,111) (0.36) % Total Foreign Futures Positions (1,735) 7,679 5,944 Total Futures Contracts $ 1,827 0.60 % $ 8,189 2.68 % $ 10,016 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Global 2 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 39,142 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 37,416 12.24 % 24,484 8/26/2024 Federal Home Loan Banks, 0.5% 22,910 7.50 % 24,484 9/30/2024 Federal Home Loan Banks, 0.5% 22,811 7.46 % 75,084 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 71,547 23.41 % 16,323 12/15/2023 Federal National Mortgage Assoc., 0.3% 15,639 5.12 % Total U.S. Government-sponsored enterprises (cost $179,440) $ 170,323 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,081 2/23/2023 U.S. Treasury bill, 1.2% $ 4,074 1.33 % 16,323 5/31/2023 U.S. Treasury note, 0.2% 16,319 5.34 % Total U.S. Government securities (cost $20,331) $ 20,393 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,492 U.S. Exchange-traded funds (cost $61,048) ** $ 52,565 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 2 Class Units at December 31, 2022 (cost of $260,819 ) $ 243,281 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Class A Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 592,884 Net unrealized gain (loss) on open futures contracts 20,566 Net unrealized gain (loss) on open swap contracts (54,332) Total equity in brokers' trading accounts 559,118 Cash and cash equivalents 149,009 Securities owned, at fair value (cost $3,099,456) 3,078,921 Total assets $ 3,787,048 Futures and Swap Contracts owned by Class A Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 1,439 0.04 % $ (2,318) (0.06) % $ (879) (0.02) % Currencies 222 — % (14,296) (0.38) % (14,074) (0.38) % Energy (578) (0.01) % 2,018 0.05 % 1,440 0.04 % Interest rates (258) (0.01) % 8,456 0.23 % 8,198 0.22 % Meats 1,101 0.03 % (317) (0.01) % 784 0.02 % Metals 6,618 0.17 % (3,495) (0.09) % 3,123 0.08 % Soft commodities 5,434 0.14 % (535) (0.01) % 4,899 0.13 % Stock indices 3,861 0.10 % (3,577) (0.09) % 284 0.01 % Total U.S. Futures Positions 17,839 (14,064) 3,775 Foreign Futures Positions: Agriculturals (435) (0.01) % — — % (435) (0.01) % Energy (394) (0.01) % — — % (394) (0.01) % Interest rates (9,591) (0.26) % 17,910 0.48 % 8,319 0.22 % Metals 10,289 0.28 % (9,803) (0.27) % 486 0.01 % Soft commodities 2,185 0.06 % — — % 2,185 0.06 % Stock indices 10,386 0.28 % (3,756) (0.10) % 6,630 0.18 % Total Foreign Futures Positions 12,440 4,351 16,791 Total Futures Contracts $ 30,279 0.81 % $ (9,713) (0.26) % $ 20,566 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (54,332) (1.46) % $ — — % $ (54,332) (1.46) % Total Futures and Swap Contracts $ (24,053) (0.65) % $ (9,713) (0.26) % $ (33,766) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Securities owned by Class A Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 403,700 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 403,151 10.80 % 275,500 8/26/2024 Federal Home Loan Banks, 0.5% 275,979 7.40 % 275,500 9/30/2024 Federal Home Loan Banks, 0.5% 275,849 7.39 % 734,668 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 735,345 19.71 % 183,667 12/15/2023 Federal National Mortgage Assoc., 0.3% 183,693 4.92 % Total U.S. Government-sponsored enterprises (cost $1,872,171) $ 1,874,017 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 367,334 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 366,769 9.83 % 183,667 5/31/2023 U.S. Treasury note, 0.2% 183,468 4. |
Financial Highlights
Financial Highlights | 12 Months Ended |
Dec. 31, 2022 | |
Financial Highlights | |
Financial Highlights | Note 8. Financial Highlights The following financial highlights and per unit performance reflect activity related to the Partnership. The per unit performance calculations reflect activity related to the Partnership for the years ended December 31, 2022, 2021 and 2020. Total return is based on the change in value during the period of a theoretical investment made by a limited partner at the beginning of each calendar month during the period and is not annualized. The expense ratios below are computed based upon the weighted average net assets of the Limited Partners for the years ended December 31, 2022, 2021, and 2020. Individual limited partners’ ratios may vary from these ratios based on various factors, including but not limited to the timing of capital transactions. 2022 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units (1) Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 950.90 $ 759.34 $ 830.25 $ 802.66 $ 843.02 $ 818.74 $ 659.82 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) 93.81 75.65 82.33 78.96 83.60 82.58 41.53 Net investment loss (2) (70.64) (61.85) (44.36) (44.16) (40.65) (42.83) (19.17) Total income (loss) from operations 23.17 13.80 37.97 34.80 42.95 39.75 22.36 Redemption — — — — — — — (682.18) Net asset value per unit at end of period $ 974.07 $ 773.14 $ 868.22 $ 837.46 $ 885.97 $ 858.49 $ — Total Return (3) 2.44 % 1.82 % 4.57 % 4.33 % 5.09 % 4.85 % 3.39 % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.84 % 6.52 % 3.53 % 3.77 % 2.98 % 3.26 % 4.95 % Incentive fees 2.28 % 2.30 % 2.54 % 2.46 % 2.59 % 2.69 % 0.67 % Total expenses 8.12 % 8.82 % 6.07 % 6.23 % 5.57 % 5.95 % 5.62 % Net investment loss (4) (4.82) % (5.50) % (2.51) % (2.74) % (1.96) % (2.25) % (4.52) % 2021 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 900.81 $ 721.77 $ 772.63 $ 748.69 $ 780.50 $ 759.80 $ 620.27 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) 121.32 98.07 104.44 100.87 106.28 104.47 83.44 Net investment loss (2) (71.23) (60.50) (46.82) (46.90) (43.76) (45.53) (43.89) Total income (loss) from operations 50.09 37.57 57.62 53.97 62.52 58.94 39.55 Net asset value per unit at end of period $ 950.90 $ 759.34 $ 830.25 $ 802.66 $ 843.02 $ 818.74 $ 659.82 Total Return 5.56 % 5.21 % 7.46 % 7.21 % 8.01 % 7.76 % 6.38 % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.75 % 6.46 % 3.43 % 3.68 % 2.87 % 3.20 % 4.88 % Incentive fees 2.11 % 1.88 % 2.65 % 2.60 % 2.77 % 2.82 % 2.17 % Total expenses 7.86 % 8.34 % 6.08 % 6.28 % 5.64 % 6.02 % 7.05 % Net investment loss (4) (5.33) % (6.03) % (3.00) % (3.25) % (2.45) % (2.77) % (4.46) % 2020 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 992.10 $ 799.78 $ 832.28 $ 808.27 $ 836.87 $ 815.99 $ 677.29 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) (46.46) (37.72) (38.02) (36.95) (38.05) (37.22) (36.47) Net investment loss (2) (44.83) (40.29) (21.63) (22.63) (18.32) (18.97) (20.55) Total income (loss) from operations (91.29) (78.01) (59.65) (59.58) (56.37) (56.19) (57.02) Net asset value per unit at end of period $ 900.81 $ 721.77 $ 772.63 $ 748.69 $ 780.50 $ 759.80 $ 620.27 Total Return (9.20) % (9.75) % (7.17) % (7.37) % (6.74) % (6.89) % (8.42) % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.52 % 6.22 % 3.24 % 3.49 % 2.70 % 2.95 % 4.39 % Incentive fees 0.60 % 0.54 % 0.69 % 0.67 % 0.78 % 0.68 % 0.20 % Total expenses 6.12 % 6.76 % 3.93 % 4.16 % 3.48 % 3.63 % 4.59 % Net investment loss (4) (4.49) % (5.13) % (2.20) % (2.45) % (1.65) % (1.90) % (3.15) % (1) Global 3 Class units were closed effective February 28, 2022. The per unit performance activity and expense ratios for the Global 3 Class units is for the two months ended February 28, 2022. The expenses prior to incentive fees and net investment loss are annualized. The incentive fees are not annualized. (2) Net investment loss per unit is calculated by dividing the expenses net of interest income by the average number of units outstanding during the period. The net realized and change in unrealized gain (loss) from trading is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (3) The 2022 Total Return before the General Partner contribution (see Note 5) is (0.71) % for the Class A units, (1.24) % for the Class B units, 1.36% for the Legacy 1 Class units, 1.13% for the Legacy 2 Class units, 1.94% for the Global 1 Class units and 1.63% for the Global 2 Class units. (4) Excludes incentive fee. |
Trading Activities and Related
Trading Activities and Related Risks | 12 Months Ended |
Dec. 31, 2022 | |
Trading Activities and Related Risks | |
Trading Activities and Related Risks | Note 9. Trading Activities and Related Risks The Partnership, through its Advisors or swap transactions based on reference programs of such advisors, engages in the speculative trading of a variety of instruments, which may include U.S. and foreign futures contracts, options on U.S. and foreign futures contracts and forward contracts and other derivative instruments including swap contracts (collectively, derivatives; see Note 11). These derivatives include both financial and nonfinancial contracts held as part of a diversified trading strategy. Additionally, the Partnership’s speculative trading may include equities and exchange-traded funds. The Partnership is exposed to both market risk, the risk arising from changes in the market value of the contracts, and credit risk, the risk of failure by another party to perform according to the terms of a contract. The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The Partnership utilizes ADM Investor Services, Inc., and Rosenthal Collins Group Division of Marex Spectron as its clearing brokers. The amount of required margin and good faith deposits with the FCMs, interbank market makers and swap counterparties usually ranges from 5% to 35% of the Partnership’s net asset value. The cash deposited with the FCMs, interbank market makers and swap counterparties at December 31, 2022 and 2021 was $4,586,226 and $6,456,079, respectively, which was 12.25% and 15.89% of the net asset value, respectively, and is included in equity in brokers’ trading accounts on the consolidated statements of financial condition. For derivatives, risks arise from changes in the fair value of the contracts. Theoretically, the Partnership is exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short. As both a buyer and seller of options, the Partnership pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership to potentially unlimited liability; for purchased options the risk of loss is limited to the premiums paid. In addition to market risk, trading futures, forwards and swap contracts entails a credit risk that a counterparty will not be able to meet its obligations to the Partnership. The counterparty for futures and options on futures contracts traded in the United States and on most non-U.S. futures exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the nonperformance by one of their members and, as such, should significantly reduce this credit risk. In cases in which the clearinghouse is not backed by the clearing members, like some non-U.S. exchanges, it is normally backed by a consortium of banks or other financial institutions. In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional markets rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a clearinghouse backed by a group of financial institutions; thus, there likely will be greater counterparty credit risk. The Partnership trades only with those counterparties that it believes to be creditworthy. All positions of the Partnership are valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to the Partnership. Unlike futures and options on futures contracts, most swap contracts currently are not traded on or cleared by an exchange or clearinghouse. The CFTC currently requires only a limited class of swap contracts (certain interest rate and credit default swaps) to be cleared and executed on an exchange or other organized trading platform. In accordance with the Dodd-Frank Act, the CFTC will determine in the future whether other classes of swap contracts will be required to be cleared and executed on an exchange or other organized trading platform. Until such time as these transactions are cleared, the Partnership will be subject to a greater risk of counterparty default on its swaps. Because swaps do not generally involve the delivery of underlying assets or principal, the amount payable upon default and early termination is usually calculated by reference to the current market value of the contract. Swap dealers and major swap participants require the Partnership to deposit initial margin and variation margin as collateral to support such obligation under the swap agreement but may not themselves provide collateral for the benefit of the Partnership. If the counterparty to such a swap agreement defaults, the Partnership would be a general unsecured creditor for any termination amounts owed by the counterparty to the Partnership as well as for any collateral deposits in excess of the amounts owed by the Partnership to the counterparty, which would result in losses to the Partnership. There are no limitations on daily price movements in swap transactions. Speculative position limits are not currently applicable to swaps, but in the future may be applicable for swaps on certain commodities. In addition, participants in swap markets are not required to make continuous markets in the swaps they trade, and determining a market value for calculation of termination amounts can lead to uncertain results. Securities sold short represent obligations of the Partnership to deliver specific securities and thereby create a liability to purchase these instruments in the open market at prevailing prices. These transactions may result in market risk not reflected in the consolidated statement of financial condition as the Partnership’s ultimate obligation to satisfy its obligation for trading liabilities may exceed the amount reflected in the consolidated statements of financial condition. The Partnership maintains deposits with high quality financial institutions in amounts that are in excess of federally insured limits; however, the Partnership does not believe it is exposed to any significant credit risk. The General Partner has established procedures to actively monitor and minimize market and credit risks. The Limited Partners bear the risk of loss only to the extent of the fair value of their respective investments and, in certain specific circumstances, distributions and redemptions received. Trading on international markets may increase the risk that events or circumstances that disrupt such markets may have a materially adverse effect on the Partnership’s business or operations or the value of positions held by the Partnership. Such events or circumstances may include, but are not limited to, inflation or deflation, currency devaluation, interest rate changes, exchange rate fluctuations, changes in government policies, natural disasters, COVID-19 or other extraordinary events, armed conflicts, political or social instability or other unforeseen developments that cannot be quantified. Certain global events such as the Russian-Ukrainian war, have had and continue to have disruptive and negative impacts, on markets worldwide. Prolonged periods of global economic uncertainty, volatility or slowdown may adversely impact the Partnership. As a result, the Partnership could lose money over short periods of time due to short-term volatility or market movements and over longer periods of time during more prolonged market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments. |
Indemnifications
Indemnifications | 12 Months Ended |
Dec. 31, 2022 | |
Indemnifications | |
Indemnifications | Note 10. Indemnifications In the normal course of business, the Partnership enters into contracts and agreements that contain a variety of representations and warranties and which provide general indemnifications. The Partnership’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Partnership that have not yet occurred. The Partnership expects the risk of any future obligation under these indemnifications to be remote. |
Derivative Instruments
Derivative Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments | |
Derivative Instruments | Note 11. Derivative Instruments The Partnership follows the provisions of FASB ASC 815, Derivatives and Hedging The Partnership’s business is speculative trading. The Partnership intends to close out all futures, options on futures and forward contracts prior to their expiration. The Partnership trades in futures and other commodity interest contracts and is therefore a party to financial instruments with elements of off-balance sheet market risk and credit risk. In entering into these contracts, the Partnership faces the market risk that these contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. The Partnership minimizes market risk through real-time monitoring of open positions, diversification of the portfolio and maintenance of a margin-to-equity ratio that rarely exceeds 25%. The Partnership does not designate any derivative instruments as hedging instruments under FASB ASC 815-10-05. For the year ended December 31, 2022, the monthly average number of futures contracts bought and sold was 3,768, and the monthly average number of forward contracts bought and sold was 0 . For the year ended December 31, 2021, the monthly average number of futures contracts bought and sold was . For the year ended December 31, 2020, the monthly average number of futures contracts bought and sold was Fair Values of Derivative Instruments at December 31, 2022 and December 31, 2021 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Type of Contract Condition Location December 31, 2022 December 31, 2022 Fair Value Agriculturals contracts Net unrealized gain (loss) on open futures contracts $ 326,754 $ (91,160) $ 235,594 Currencies contracts Net unrealized gain (loss) on open futures contracts 84,906 (125,411) (40,505) Energy contracts Net unrealized gain (loss) on open futures contracts 95,073 (80,530) 14,543 Interest rates contracts Net unrealized gain (loss) on open futures contracts 998,551 (199,951) 798,600 Meats contracts Net unrealized gain (loss) on open futures contracts 33,078 (1,340) 31,738 Metals contracts Net unrealized gain (loss) on open futures contracts 139,264 (36,642) 102,622 Soft commodities contracts Net unrealized gain (loss) on open futures contracts 169,949 (49,630) 120,319 Stock indices contracts Net unrealized gain (loss) on open futures contracts 134,543 (170,382) (35,839) Total $ 1,982,118 $ (755,046) $ 1,227,072 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Type of Contract Condition Location December 31, 2021 December 31, 2021 Fair Value Agriculturals contracts Net unrealized gain (loss) on open futures contracts $ 78,449 $ (92,756) $ (14,307) Currencies contracts Net unrealized gain (loss) on open futures contracts 82,177 (235,432) (153,255) Energy contracts Net unrealized gain (loss) on open futures contracts 51,769 (40,364) 11,405 Interest rates contracts Net unrealized gain (loss) on open futures contracts 347,549 (167,687) 179,862 Meats contracts Net unrealized gain (loss) on open futures contracts 12,651 (4,114) 8,537 Metals contracts Net unrealized gain (loss) on open futures contracts 228,905 (189,619) 39,286 Soft commodities contracts Net unrealized gain (loss) on open futures contracts 101,421 (24,286) 77,135 Stock indices contracts Net unrealized gain (loss) on open futures contracts 174,098 (98,809) 75,289 Total $ 1,077,019 $ (853,067) $ 223,952 Swap contracts* Net unrealized gain (loss) on open swap contracts $ — $ (591,631) $ (591,631) *At December 31, 2021, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 26% Stock indices contracts 23% Forward currency contracts 51% Total 100% The Effect of Derivative Instruments on the Consolidated Statements of Operations for the Years Ended December 31, 2022, 2021 and 2020 Years Ended December 31, Type of Contract Line Item in Consolidated Statements of Operations 2022 2021 2020 Futures contracts Agriculturals contracts Net gains (losses) from futures trading $ 259,508 $ 1,021,263 $ 1,176,839 Currencies contracts Net gains (losses) from futures trading 1,212,759 (13,627) 505,665 Energy contracts Net gains (losses) from futures trading 677,902 2,912,130 (105,207) Interest rates contracts Net gains (losses) from futures trading 3,622,349 (423,325) 2,129,265 Meats contracts Net gains (losses) from futures trading (525,619) (202,306) 91,806 Metals contracts Net gains (losses) from futures trading 947,102 (249,816) 1,373,206 Soft commodities contracts Net gains (losses) from futures trading (516,478) 1,783,024 373,043 Stock indices contracts Net gains (losses) from futures trading 63,234 893,886 (1,642,386) Total futures contracts Net gains (losses) from futures trading 5,740,757 5,721,229 3,902,231 Forward currency contracts Net gains (losses) from forward currency trading — 86,650 (238,576) Swap contracts Net gains (losses) from swap trading (330,498) 828,940 (6,594,230) Total $ 5,410,259 $ 6,636,819 $ (2,930,575) Line Item in Consolidated Statements of Operations For years ended December 31, 2022 2021 2020 Net gains (losses) from futures trading Realized $ 4,737,637 $ 7,061,115 $ 2,740,200 Change in unrealized 1,003,120 (1,339,886) 1,162,031 Total realized and change in unrealized net gains (losses) from futures trading $ 5,740,757 $ 5,721,229 $ 3,902,231 Net gains (losses) from forward currency trading Realized $ — $ 22,721 $ (243,720) Change in unrealized — 63,929 5,144 Total realized and change in unrealized net gains (losses) from forward currency trading $ — $ 86,650 $ (238,576) Net gains (losses) from swap trading Realized $ (922,129) $ — $ (2,136,220) Change in unrealized 591,631 828,940 (4,458,010) Total realized and change in unrealized net gains (losses) from swap trading $ (330,498) $ 828,940 $ (6,594,230) Total realized and change in unrealized net gains (losses) from futures, forward currency and swap trading $ 5,410,259 $ 6,636,819 $ (2,930,575) The tables below show the gross amounts of recognized derivative assets and gross amounts offset in the accompanying Consolidated Statements of Financial Condition. Offsetting of Derivative Assets As of December 31, 2022 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition Total U.S. and foreign futures contracts $ 1,982,118 $ (755,046) $ 1,227,072 Offsetting of Derivative Liabilities As of December 31, 2022 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition Total U.S. and foreign futures contracts $ 755,046 $ (755,046) $ — Derivative Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2022 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Pledged Net Amount ADM Investor Services, Inc. $ 513,483 $ — $ — $ 513,483 Rosenthal Collins Group Division of Marex Spectron 713,589 — — 713,589 Total $ 1,227,072 $ — $ — $ 1,227,072 Offsetting of Derivative Assets As of December 31, 2021 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 1,077,019 $ (853,067) $ 223,952 Swap contracts — (591,631) (591,631) Total derivatives $ 1,077,019 $ (1,444,698) $ (367,679) Offsetting of Derivative Liabilities As of December 31, 2021 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 853,067 $ (853,067) $ — Swap contracts 591,631 (591,631) — Total derivatives $ 1,444,698 $ (1,444,698) $ — Derivative Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2021 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Pledged Net Amount ADM Investor Services, Inc. $ 120,272 $ — $ — $ 120,272 Deutsche Bank AG (591,631) — 591,631 — Rosenthal Collins Group Division of Marex Spectron 103,680 — — 103,680 Total $ (367,679) $ — $ 591,631 $ 223,952 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent Events | |
Subsequent Events | Note 12. Subsequent Events The Partnership has evaluated subsequent events for potential recognition and/or disclosure through date of issuance of the accompanying consolidated financial statements. Subsequent to December 31, 2022, there were redemptions paid from the Partnership totaling approximately $829,000. The General Partner made a contribution to the Partnership of $1,150,000 on March 13, 2023 (see Note 5). |
Nature of Business and Signif_2
Nature of Business and Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Nature of Business and Significant Accounting Policies | |
Accounting principles | Accounting principles: Financial Services – Investment Companies |
Consolidation | Consolidation: |
Use of estimates | Use of estimates: |
Cash and cash equivalents | Cash and cash equivalents: |
Valuation of investments | Valuation of investments: |
Investment transactions, investment income and expenses | Investment transactions, investment income and expenses: net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Dividend income is recognized on the ex-dividend date. Premiums and discounts on fixed income securities are amortized and accreted for financial reporting purposes. Set forth in Note 11 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership. |
Commissions | Commissions: |
Redemptions payable | Redemptions payable: Distinguishing Liabilities from Equity |
Income taxes | Income taxes: The Partnership follows the provisions of FASB ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of December 31, 2022, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2019. |
Organization and offering costs | Organization and offering costs: annually, of the net asset value of the Partnership. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed these limits in any prior year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit set forth above. Amounts reimbursed by the Partnership with respect to the organization and the continuous public offering expenses are charged to expense from operations at the time of reimbursement or accrual. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. The Partnership is only liable for payment of offering costs on a monthly basis as calculated based on the limitations stated above. As of December 31, 2022, unreimbursed organization and offering costs incurred by the General Partner were approximately |
Foreign currency transactions | Foreign currency transactions: The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. |
Swap contracts | Swap contracts: Changes in the value of the swap agreements are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. The final exchange amount based on the swap value at the termination of the swap agreement will be recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies the Partnership entered into a total return swap with Deutsche Bank AG. The Partnership maintained cash as collateral to secure its obligations under the swap. As of December 31, 2022 and 2021, the notional value of the swap was |
Statement of cash flows | Statement of cash flows: Statement of Cash Flows |
Reclassification | Reclassification: |
Recent accounting pronouncements | Recent accounting pronouncements: Reference Rate Reform . The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2022. ASU 2020-04 has been updated by ASU 2022-06 to defer the effective date through December 31, 2024. ASU 2020-04 has not had a significant impact on the Partnership’s consolidated financial statements and disclosures. The Partnership did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the twelve months ended December 31, 2022. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Measurements | |
Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis | The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022: Assets and Liabilities Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 1,227,072 $ — $ — $ 1,227,072 Securities owned U.S. Government-sponsored enterprises — 20,869,657 — 20,869,657 U.S. Government securities — 2,498,651 — 2,498,651 U.S. Exchange-traded funds 6,440,698 — — 6,440,698 Total $ 7,667,770 $ 23,368,308 $ — $ 31,036,078 The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 11. See the consolidated condensed schedule of investments for detail by sector. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2021: Assets and Liabilities Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ 223,952 $ — $ — $ 223,952 Swap contracts — (591,631) — (591,631) Securities owned U.S. Government-sponsored enterprises — 20,406,689 — 20,406,689 U.S. Government securities — 5,991,677 — 5,991,677 U.S. Exchange-traded funds 7,128,854 — — 7,128,854 Total $ 7,352,806 $ 25,806,735 $ — $ 33,159,541 |
General Partner and Related P_2
General Partner and Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
General Partner and Related Party Transactions | |
Schedule of annualized brokerage charge, organization and offering reimbursement and operating expenses | Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units 7.00 % 0.10 % 0.25 % Class B units 7.45 % 0.30 % 0.25 % Legacy 1 Class units 4.50 % 0.30 % 0.25 % Legacy 2 Class units 4.75 % 0.30 % 0.25 % Global 1 Class units 3.95 % 0.30 % 0.25 % Global 2 Class units 4.20 % 0.30 % 0.25 % Global 3 Class units 5.95 % 0.30 % 0.25 % |
Assets and Condensed Schedule_2
Assets and Condensed Schedule of Investments by Class of Units (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Class A | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Class A Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 449,568 Net unrealized gain (loss) on open futures contracts 120,284 Total equity in brokers' trading accounts 569,852 Cash and cash equivalents 156,353 Securities owned, at fair value (cost $3,132,689) 2,922,046 Receivable from General Partner (See Note 5) 112,729 Interest receivable, net 60 Total assets $ 3,761,040 Class A Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 592,884 Net unrealized gain (loss) on open futures contracts 20,566 Net unrealized gain (loss) on open swap contracts (54,332) Total equity in brokers' trading accounts 559,118 Cash and cash equivalents 149,009 Securities owned, at fair value (cost $3,099,456) 3,078,921 Total assets $ 3,787,048 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures Contracts owned by Class A Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 30,228 0.82 % $ (6,942) (0.19) % $ 23,286 0.63 % Currencies 2,373 0.06 % (6,344) (0.17) % (3,971) (0.11) % Energy 2,753 0.08 % 3,756 0.10 % 6,509 0.18 % Interest rates (6,559) (0.18) % 6,083 0.17 % (476) (0.01) % Meats 3,209 0.09 % (98) — % 3,111 0.08 % Metals 8,156 0.22 % 100 — % 8,256 0.22 % Soft commodities 4,059 0.11 % (1,705) (0.05) % 2,354 0.06 % Stock indices (1,439) (0.04) % 11,274 0.31 % 9,835 0.27 % Total U.S. Futures Positions 42,780 6,124 48,904 Foreign Futures Positions: Agriculturals (41) — % (151) — % (192) — % Energy (2,575) (0.07) % (2,508) (0.07) % (5,083) (0.14) % Interest rates Euro bund Mar-23 — 5 (889) (0.02) % 37,998 1.03 % 37,109 1.01 % Other interest rates (10,007) (0.27) % 51,657 1.41 % 41,650 1.14 % Metals 1,500 0.04 % 303 0.01 % 1,803 0.05 % Soft commodities 4,638 0.13 % 4,803 0.13 % 9,441 0.26 % Stock indices (13,477) (0.37) % 129 — % (13,348) (0.36) % Total Foreign Futures Positions (20,851) 92,231 71,380 Total Futures Contracts $ 21,929 0.60 % $ 98,355 2.68 % $ 120,284 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Futures and Swap Contracts owned by Class A Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 1,439 0.04 % $ (2,318) (0.06) % $ (879) (0.02) % Currencies 222 — % (14,296) (0.38) % (14,074) (0.38) % Energy (578) (0.01) % 2,018 0.05 % 1,440 0.04 % Interest rates (258) (0.01) % 8,456 0.23 % 8,198 0.22 % Meats 1,101 0.03 % (317) (0.01) % 784 0.02 % Metals 6,618 0.17 % (3,495) (0.09) % 3,123 0.08 % Soft commodities 5,434 0.14 % (535) (0.01) % 4,899 0.13 % Stock indices 3,861 0.10 % (3,577) (0.09) % 284 0.01 % Total U.S. Futures Positions 17,839 (14,064) 3,775 Foreign Futures Positions: Agriculturals (435) (0.01) % — — % (435) (0.01) % Energy (394) (0.01) % — — % (394) (0.01) % Interest rates (9,591) (0.26) % 17,910 0.48 % 8,319 0.22 % Metals 10,289 0.28 % (9,803) (0.27) % 486 0.01 % Soft commodities 2,185 0.06 % — — % 2,185 0.06 % Stock indices 10,386 0.28 % (3,756) (0.10) % 6,630 0.18 % Total Foreign Futures Positions 12,440 4,351 16,791 Total Futures Contracts $ 30,279 0.81 % $ (9,713) (0.26) % $ 20,566 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (54,332) (1.46) % $ — — % $ (54,332) (1.46) % Total Futures and Swap Contracts $ (24,053) (0.65) % $ (9,713) (0.26) % $ (33,766) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Class A Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 470,131 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 449,397 12.24 % 294,077 8/26/2024 Federal Home Loan Banks, 0.5% 275,178 7.50 % 294,077 9/30/2024 Federal Home Loan Banks, 0.5% 273,986 7.46 % 901,836 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 859,365 23.41 % 196,051 12/15/2023 Federal National Mortgage Assoc., 0.3% 187,836 5.12 % Total U.S. Government-sponsored enterprises (cost $2,155,249) $ 2,045,762 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 49,013 2/23/2023 U.S. Treasury bill, 1.2% $ 48,928 1.33 % 196,051 5/31/2023 U.S. Treasury note, 0.2% 196,003 5.34 % Total U.S. Government securities (cost $244,198) $ 244,931 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 29,937 U.S. Exchange-traded funds (cost $733,242) ** $ 631,353 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Class A Units at December 31, 2022 (cost of $3,132,689 ) $ 2,922,046 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Securities owned by Class A Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 403,700 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 403,151 10.80 % 275,500 8/26/2024 Federal Home Loan Banks, 0.5% 275,979 7.40 % 275,500 9/30/2024 Federal Home Loan Banks, 0.5% 275,849 7.39 % 734,668 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 735,345 19.71 % 183,667 12/15/2023 Federal National Mortgage Assoc., 0.3% 183,693 4.92 % Total U.S. Government-sponsored enterprises (cost $1,872,171) $ 1,874,017 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 367,334 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 366,769 9.83 % 183,667 5/31/2023 U.S. Treasury note, 0.2% 183,468 4.92 % Total U.S. Government securities (cost $550,102) $ 550,237 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 29,056 U.S. Exchange-traded funds (cost $677,183) ** $ 654,667 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Class A Units at December 31, 2021 (cost of $3,099,456 ) $ 3,078,921 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Class B | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Class B Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 2,678,289 Net unrealized gain (loss) on open futures contracts 716,591 Total equity in brokers' trading accounts 3,394,880 Cash and cash equivalents 931,470 Securities owned, at fair value (cost $18,662,929) 17,408,028 Receivable from General Partner (See Note 5) 671,583 Interest receivable, net 358 Total assets $ 22,406,319 Class B Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 3,876,724 Net unrealized gain (loss) on open futures contracts 134,478 Net unrealized gain (loss) on open swap contracts (355,261) Total equity in brokers' trading accounts 3,655,941 Cash and cash equivalents 974,329 Securities owned, at fair value (cost $20,266,585) 20,132,310 Total assets $ 24,762,580 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 2,678,289 Net unrealized gain (loss) on open futures contracts 716,591 Total equity in brokers' trading accounts 3,394,880 Cash and cash equivalents 931,470 Securities owned, at fair value (cost $18,662,929) 17,408,028 Receivable from General Partner (See Note 5) 671,583 Interest receivable, net 358 Total assets $ 22,406,319 Futures and Swap Contracts owned by Class B Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 9,410 0.04 % $ (15,157) (0.06) % $ (5,747) (0.02) % Currencies 1,449 — % (93,474) (0.38) % (92,025) (0.38) % Energy (3,777) (0.01) % 13,199 0.05 % 9,422 0.04 % Interest rates (1,690) (0.01) % 55,294 0.23 % 53,604 0.22 % Meats 7,198 0.03 % (2,071) (0.01) % 5,127 0.02 % Metals 43,270 0.17 % (22,854) (0.09) % 20,416 0.08 % Soft commodities 35,532 0.14 % (3,500) (0.01) % 32,032 0.13 % Stock indices 25,248 0.10 % (23,390) (0.09) % 1,858 0.01 % Total U.S. Futures Positions 116,640 (91,953) 24,687 Foreign Futures Positions: Agriculturals (2,844) (0.01) % — — % (2,844) (0.01) % Energy (2,574) (0.01) % — — % (2,574) (0.01) % Interest rates (62,711) (0.26) % 117,110 0.48 % 54,399 0.22 % Metals 67,274 0.28 % (64,100) (0.27) % 3,174 0.01 % Soft commodities 14,285 0.06 % — — % 14,285 0.06 % Stock indices 67,908 0.28 % (24,557) (0.10) % 43,351 0.18 % Total Foreign Futures Positions 81,338 28,453 109,791 Total Futures Contracts $ 197,978 0.81 % $ (63,500) (0.26) % $ 134,478 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (355,261) (1.46) % $ — — % $ (355,261) (1.46) % Total Futures and Swap Contracts $ (157,283) (0.65) % $ (63,500) (0.26) % $ (220,783) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Class B Units at December 31, 2022 Securities owned by Class B Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 2,639,695 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 2,636,106 10.80 % 1,801,430 8/26/2024 Federal Home Loan Banks, 0.5% 1,804,557 7.40 % 1,801,430 9/30/2024 Federal Home Loan Banks, 0.5% 1,803,706 7.39 % 4,803,812 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 4,808,245 19.71 % 1,200,953 12/15/2023 Federal National Mortgage Assoc., 0.3% 1,201,124 4.92 % Total U.S. Government-sponsored enterprises (cost $12,241,668) $ 12,253,738 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 2,401,906 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 2,398,211 9.83 % 1,200,953 5/31/2023 U.S. Treasury note, 0.2% 1,199,651 4.92 % Total U.S. Government securities (cost $3,596,981) $ 3,597,862 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 189,991 U.S. Exchange-traded funds (cost $4,427,936) ** $ 4,280,710 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Class B Units at December 31, 2021 (cost of $20,266,585 ) $ 20,132,310 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Legacy 1 Class | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Legacy 1 Class Units Legacy 1 Class Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 59,738 Net unrealized gain (loss) on open futures contracts 2,072 Net unrealized gain (loss) on open swap contracts (5,474) Total equity in brokers' trading accounts 56,336 Cash and cash equivalents 15,014 Securities owned, at fair value (cost $312,295) 310,225 Total assets $ 381,575 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures Contracts owned by Legacy 1 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 3,057 0.82 % $ (702) (0.19) % $ 2,355 0.63 % Currencies 240 0.06 % (641) (0.17) % (401) (0.11) % Energy 278 0.08 % 380 0.10 % 658 0.18 % Interest rates (663) (0.18) % 615 0.17 % (48) (0.01) % Meats 325 0.09 % (10) — % 315 0.08 % Metals 825 0.22 % 10 — % 835 0.22 % Soft commodities 410 0.11 % (172) (0.05) % 238 0.06 % Stock indices (146) (0.04) % 1,140 0.31 % 994 0.27 % Total U.S. Futures Positions 4,326 620 4,946 Foreign Futures Positions: Agriculturals (4) — % (15) — % (19) — % Energy (261) (0.07) % (254) (0.07) % (515) (0.14) % Interest rates Euro bund Mar-23 — 1 (90) (0.02) % 3,842 1.03 % 3,752 1.01 % Other interest rates (1,013) (0.27) % 5,224 1.41 % 4,211 1.14 % Metals 152 0.04 % 31 0.01 % 183 0.05 % Soft commodities 469 0.13 % 486 0.13 % 955 0.26 % Stock indices (1,363) (0.37) % 13 — % (1,350) (0.36) % Total Foreign Futures Positions (2,110) 9,327 7,217 Total Futures Contracts $ 2,216 0.60 % $ 9,947 2.68 % $ 12,163 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Futures and Swap Contracts owned by Legacy 1 Class Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 145 0.04 % $ (234) (0.06) % $ (89) (0.02) % Currencies 22 — % (1,440) (0.38) % (1,418) (0.38) % Energy (58) (0.01) % 203 0.05 % 145 0.04 % Interest rates (25) (0.01) % 852 0.23 % 827 0.22 % Meats 111 0.03 % (32) (0.01) % 79 0.02 % Metals 667 0.17 % (352) (0.09) % 315 0.08 % Soft commodities 548 0.14 % (54) (0.01) % 494 0.13 % Stock indices 389 0.10 % (361) (0.09) % 28 0.01 % Total U.S. Futures Positions 1,799 (1,418) 381 Foreign Futures Positions: Agriculturals (44) (0.01) % — — % (44) (0.01) % Energy (40) (0.01) % — — % (40) (0.01) % Interest rates (966) (0.26) % 1,804 0.48 % 838 0.22 % Metals 1,037 0.28 % (988) (0.27) % 49 0.01 % Soft commodities 220 0.06 % — — % 220 0.06 % Stock indices 1,046 0.28 % (378) (0.10) % 668 0.18 % Total Foreign Futures Positions 1,253 438 1,691 Total Futures Contracts $ 3,052 0.81 % $ (980) (0.26) % $ 2,072 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (5,474) (1.46) % $ — — % $ (5,474) (1.46) % Total Futures and Swap Contracts $ (2,422) (0.65) % $ (980) (0.26) % $ (3,402) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Legacy 1 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 47,540 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 45,443 12.24 % 29,737 8/26/2024 Federal Home Loan Banks, 0.5% 27,826 7.50 % 29,737 9/30/2024 Federal Home Loan Banks, 0.5% 27,706 7.46 % 91,194 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 86,899 23.41 % 19,825 12/15/2023 Federal National Mortgage Assoc., 0.3% 18,994 5.12 % Total U.S. Government-sponsored enterprises (cost $217,940) $ 206,868 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,956 2/23/2023 U.S. Treasury bill, 1.2% $ 4,948 1.33 % 19,825 5/31/2023 U.S. Treasury note, 0.2% 19,820 5.34 % Total U.S. Government securities (cost $24,693) $ 24,768 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 3,027 U.S. Exchange-traded funds (cost $74,146) ** $ 63,843 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 1 Class Units at December 31, 2022 (cost of $316,779 ) $ 295,479 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Securities owned by Legacy 1 Class Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 40,676 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 40,621 10.80 % 27,759 8/26/2024 Federal Home Loan Banks, 0.5% 27,807 7.40 % 27,759 9/30/2024 Federal Home Loan Banks, 0.5% 27,793 7.39 % 74,024 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 74,092 19.71 % 18,506 12/15/2023 Federal National Mortgage Assoc., 0.3% 18,508 4.92 % Total U.S. Government-sponsored enterprises (cost $188,636) $ 188,821 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 37,012 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 36,955 9.83 % 18,506 5/31/2023 U.S. Treasury note, 0.2% 18,486 4.92 % Total U.S. Government securities (cost $55,427) $ 55,441 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,927 U.S. Exchange-traded funds (cost $68,232) ** $ 65,963 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 1 Class Units at December 31, 2021 (cost of $312,295 ) $ 310,225 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Legacy 2 Class | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Legacy 2 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 40,123 Net unrealized gain (loss) on open futures contracts 10,735 Total equity in brokers' trading accounts 50,858 Cash and cash equivalents 13,954 Securities owned, at fair value (cost $279,583) 260,784 Receivable from General Partner (See Note 5) 10,061 Interest receivable, net 5 Total assets $ 335,662 Legacy 2 Class Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 49,891 Net unrealized gain (loss) on open futures contracts 1,731 Net unrealized gain (loss) on open swap contracts (4,572) Total equity in brokers' trading accounts 47,050 Cash and cash equivalents 12,539 Securities owned, at fair value (cost $260,817) 259,089 Total assets $ 318,678 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures Contracts owned by Legacy 2 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 2,698 0.82 % $ (620) (0.19) % $ 2,078 0.63 % Currencies 212 0.06 % (566) (0.17) % (354) (0.11) % Energy 246 0.08 % 335 0.10 % 581 0.18 % Interest rates (585) (0.18) % 543 0.17 % (42) (0.01) % Meats 286 0.09 % (9) — % 277 0.08 % Metals 728 0.22 % 9 — % 737 0.22 % Soft commodities 362 0.11 % (152) (0.05) % 210 0.06 % Stock indices (128) (0.04) % 1,006 0.31 % 878 0.27 % Total U.S. Futures Positions 3,819 546 4,365 Foreign Futures Positions: Agriculturals (4) — % (13) — % (17) — % Energy (230) (0.07) % (224) (0.07) % (454) (0.14) % Interest rates Euro bund Mar-23 — — (79) (0.02) % 3,391 1.03 % 3,312 1.01 % Other interest rates (893) (0.27) % 4,610 1.41 % 3,717 1.14 % Metals 134 0.04 % 27 0.01 % 161 0.05 % Soft commodities 414 0.13 % 428 0.13 % 842 0.26 % Stock indices (1,203) (0.37) % 12 — % (1,191) (0.36) % Total Foreign Futures Positions (1,861) 8,231 6,370 Total Futures Contracts $ 1,958 0.60 % $ 8,777 2.68 % $ 10,735 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Futures and Swap Contracts owned by Legacy 2 Class Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 121 0.04 % $ (195) (0.06) % $ (74) (0.02) % Currencies 19 — % (1,203) (0.38) % (1,184) (0.38) % Energy (49) (0.01) % 170 0.05 % 121 0.04 % Interest rates (22) (0.01) % 712 0.23 % 690 0.22 % Meats 93 0.03 % (27) (0.01) % 66 0.02 % Metals 557 0.17 % (294) (0.09) % 263 0.08 % Soft commodities 457 0.14 % (45) (0.01) % 412 0.13 % Stock indices 325 0.10 % (301) (0.09) % 24 0.01 % Total U.S. Futures Positions 1,501 (1,183) 318 Foreign Futures Positions: Agriculturals (36) (0.01) % — — % (36) (0.01) % Energy (33) (0.01) % — — % (33) (0.01) % Interest rates (807) (0.26) % 1,507 0.48 % 700 0.22 % Metals 865 0.28 % (825) (0.27) % 40 0.01 % Soft commodities 184 0.06 % — — % 184 0.06 % Stock indices 874 0.28 % (316) (0.10) % 558 0.18 % Total Foreign Futures Positions 1,047 366 1,413 Total Futures Contracts $ 2,548 0.81 % $ (817) (0.26) % $ 1,731 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (4,572) (1.46) % $ — — % $ (4,572) (1.46) % Total Futures and Swap Contracts $ (2,024) (0.65) % $ (817) (0.26) % $ (2,841) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 41,958 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 40,107 12.24 % 26,245 8/26/2024 Federal Home Loan Banks, 0.5% 24,559 7.50 % 26,245 9/30/2024 Federal Home Loan Banks, 0.5% 24,452 7.46 % 80,486 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 76,696 23.41 % 17,497 12/15/2023 Federal National Mortgage Assoc., 0.3% 16,764 5.12 % Total U.S. Government-sponsored enterprises (cost $192,349) $ 182,578 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,374 2/23/2023 U.S. Treasury bill, 1.2% $ 4,367 1.33 % 17,497 5/31/2023 U.S. Treasury note, 0.2% 17,493 5.34 % Total U.S. Government securities (cost $21,794) $ 21,860 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,672 U.S. Exchange-traded funds (cost $65,440) ** $ 56,346 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 2 Class Units at December 31, 2022 (cost of $279,583 ) $ 260,784 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Securities owned by Legacy 2 Class Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 33,971 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 33,925 10.80 % 23,183 8/26/2024 Federal Home Loan Banks, 0.5% 23,223 7.40 % 23,183 9/30/2024 Federal Home Loan Banks, 0.5% 23,212 7.39 % 61,822 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 61,879 19.71 % 15,455 12/15/2023 Federal National Mortgage Assoc., 0.3% 15,458 4.92 % Total U.S. Government-sponsored enterprises (cost $157,541) $ 157,697 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 30,911 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 30,863 9.83 % 15,455 5/31/2023 U.S. Treasury note, 0.2% 15,439 4.92 % Total U.S. Government securities (cost $46,291) $ 46,302 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,445 U.S. Exchange-traded funds (cost $56,985) ** $ 55,090 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Legacy 2 Class Units at December 31, 2021 (cost of $260,817 ) $ 259,089 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Global 1 Class | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Global 1 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 1,335,356 Net unrealized gain (loss) on open futures contracts 357,283 Total equity in brokers' trading accounts 1,692,639 Cash and cash equivalents 464,418 Securities owned, at fair value (cost $9,305,063) 8,679,388 Receivable from General Partner (See Note 5) 334,842 Interest receivable, net 178 Total assets $ 11,171,465 Global 1 Class Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 1,816,003 Net unrealized gain (loss) on open futures contracts 62,995 Net unrealized gain (loss) on open swap contracts (166,417) Total equity in brokers' trading accounts 1,712,581 Cash and cash equivalents 456,413 Securities owned, at fair value (cost $9,493,631) 9,430,731 Total assets $ 11,599,725 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures Contracts owned by Global 1 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 89,789 0.82 % $ (20,621) (0.19) % $ 69,168 0.63 % Currencies 7,049 0.06 % (18,843) (0.17) % (11,794) (0.11) % Energy 8,177 0.08 % 11,158 0.10 % 19,335 0.18 % Interest rates (19,481) (0.18) % 18,068 0.17 % (1,413) (0.01) % Meats 9,532 0.09 % (291) — % 9,241 0.08 % Metals 24,226 0.22 % 298 — % 24,524 0.22 % Soft commodities 12,056 0.11 % (5,065) (0.05) % 6,991 0.06 % Stock indices (4,275) (0.04) % 33,487 0.31 % 29,212 0.27 % Total U.S. Futures Positions 127,073 18,191 145,264 Foreign Futures Positions: Agriculturals (123) — % (448) — % (571) — % Energy (7,649) (0.07) % (7,451) (0.07) % (15,100) (0.14) % Interest rates Euro bund Mar-23 — 15 (2,640) (0.02) % 112,865 1.03 % 110,225 1.01 % Other interest rates (29,724) (0.27) % 153,438 1.41 % 123,714 1.14 % Metals 4,455 0.04 % 901 0.01 % 5,356 0.05 % Soft commodities 13,775 0.13 % 14,267 0.13 % 28,042 0.26 % Stock indices (40,031) (0.37) % 384 — % (39,647) (0.36) % Total Foreign Futures Positions (61,937) 273,956 212,019 Total Futures Contracts $ 65,136 0.60 % $ 292,147 2.68 % $ 357,283 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Futures and Swap Contracts owned by Global 1 Class Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 4,408 0.04 % $ (7,100) (0.06) % $ (2,692) (0.02) % Currencies 678 — % (43,787) (0.38) % (43,109) (0.38) % Energy (1,769) (0.01) % 6,183 0.05 % 4,414 0.04 % Interest rates (792) (0.01) % 25,902 0.23 % 25,110 0.22 % Meats 3,372 0.03 % (970) (0.01) % 2,402 0.02 % Metals 20,269 0.17 % (10,706) (0.09) % 9,563 0.08 % Soft commodities 16,645 0.14 % (1,639) (0.01) % 15,006 0.13 % Stock indices 11,827 0.10 % (10,957) (0.09) % 870 0.01 % Total U.S. Futures Positions 54,638 (43,074) 11,564 Foreign Futures Positions: Agriculturals (1,332) (0.01) % — — % (1,332) (0.01) % Energy (1,205) (0.01) % — — % (1,205) (0.01) % Interest rates (29,377) (0.26) % 54,859 0.48 % 25,482 0.22 % Metals 31,514 0.28 % (30,027) (0.27) % 1,487 0.01 % Soft commodities 6,692 0.06 % — — % 6,692 0.06 % Stock indices 31,811 0.28 % (11,504) (0.10) % 20,307 0.18 % Total Foreign Futures Positions 38,103 13,328 51,431 Total Futures Contracts $ 92,741 0.81 % $ (29,746) (0.26) % $ 62,995 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (166,417) (1.46) % $ — — % $ (166,417) (1.46) % Total Futures and Swap Contracts $ (73,676) (0.65) % $ (29,746) (0.26) % $ (103,422) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Global 1 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 1,396,435 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 1,334,850 12.24 % 873,500 8/26/2024 Federal Home Loan Banks, 0.5% 817,364 7.50 % 873,500 9/30/2024 Federal Home Loan Banks, 0.5% 813,823 7.46 % 2,678,733 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 2,552,579 23.41 % 582,333 12/15/2023 Federal National Mortgage Assoc., 0.3% 557,932 5.12 % Total U.S. Government-sponsored enterprises (cost $6,401,760) $ 6,076,548 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 145,583 2/23/2023 U.S. Treasury bill, 1.2% $ 145,333 1.33 % 582,333 5/31/2023 U.S. Treasury note, 0.2% 582,191 5.34 % Total U.S. Government securities (cost $725,343) $ 727,524 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 88,922 U.S. Exchange-traded funds (cost $2,177,960) ** $ 1,875,316 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 1 Class Units at December 31, 2022 (cost of $9,305,063 ) $ 8,679,388 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Securities owned by Global 1 Class Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 1,236,532 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 1,234,851 10.80 % 843,857 8/26/2024 Federal Home Loan Banks, 0.5% 845,323 7.40 % 843,857 9/30/2024 Federal Home Loan Banks, 0.5% 844,924 7.39 % 2,250,286 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 2,252,363 19.71 % 562,572 12/15/2023 Federal National Mortgage Assoc., 0.3% 562,651 4.92 % Total U.S. Government-sponsored enterprises (cost $5,734,458) $ 5,740,112 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 1,125,143 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 1,123,412 9.83 % 562,572 5/31/2023 U.S. Treasury note, 0.2% 561,962 4.92 % Total U.S. Government securities (cost $1,684,961) $ 1,685,374 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 88,999 U.S. Exchange-traded funds (cost $2,074,212) ** $ 2,005,245 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 1 Class Units at December 31, 2021 (cost of $9,493,631 ) $ 9,430,731 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Global 2 Class | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Global 2 Class Units Assets by Class of Units December 31, 2022 Equity in brokers' trading accounts: Cash $ 37,430 Net unrealized gain (loss) on open futures contracts 10,016 Total equity in brokers' trading accounts 47,446 Cash and cash equivalents 13,018 Securities owned, at fair value (cost $260,819) 243,281 Receivable from General Partner (See Note 5) 9,386 Interest receivable, net 5 Total assets $ 313,136 Global 2 Class Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 59,516 Net unrealized gain (loss) on open futures contracts 2,064 Net unrealized gain (loss) on open swap contracts (5,454) Total equity in brokers' trading accounts 56,126 Cash and cash equivalents 14,958 Securities owned, at fair value (cost $311,133) 309,072 Total assets $ 380,156 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures Contracts owned by Global 2 Class Units at December 31, 2022 Expiration date No. of long contracts No. of short contracts Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 2,517 0.82 % $ (578) (0.19) % $ 1,939 0.63 % Currencies 198 0.06 % (528) (0.17) % (330) (0.11) % Energy 229 0.08 % 313 0.10 % 542 0.18 % Interest rates (546) (0.18) % 506 0.17 % (40) (0.01) % Meats 267 0.09 % (8) — % 259 0.08 % Metals 679 0.22 % 8 — % 687 0.22 % Soft commodities 338 0.11 % (142) (0.05) % 196 0.06 % Stock indices (120) (0.04) % 939 0.31 % 819 0.27 % Total U.S. Futures Positions 3,562 510 4,072 Foreign Futures Positions: Agriculturals (3) — % (13) — % (16) — % Energy (214) (0.07) % (209) (0.07) % (423) (0.14) % Interest rates Euro bund Mar-23 — — (74) (0.02) % 3,164 1.03 % 3,090 1.01 % Other interest rates (833) (0.27) % 4,301 1.41 % 3,468 1.14 % Metals 125 0.04 % 25 0.01 % 150 0.05 % Soft commodities 386 0.13 % 400 0.13 % 786 0.26 % Stock indices (1,122) (0.37) % 11 — % (1,111) (0.36) % Total Foreign Futures Positions (1,735) 7,679 5,944 Total Futures Contracts $ 1,827 0.60 % $ 8,189 2.68 % $ 10,016 3.28 % * No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. Futures and Swap Contracts owned by Global 2 Class Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 145 0.04 % $ (233) (0.06) % $ (88) (0.02) % Currencies 22 — % (1,435) (0.38) % (1,413) (0.38) % Energy (58) (0.01) % 203 0.05 % 145 0.04 % Interest rates (26) (0.01) % 849 0.23 % 823 0.22 % Meats 110 0.03 % (32) (0.01) % 78 0.02 % Metals 664 0.17 % (351) (0.09) % 313 0.08 % Soft commodities 545 0.14 % (54) (0.01) % 491 0.13 % Stock indices 388 0.10 % (359) (0.09) % 29 0.01 % Total U.S. Futures Positions 1,790 (1,412) 378 Foreign Futures Positions: Agriculturals (44) (0.01) % — — % (44) (0.01) % Energy (39) (0.01) % — — % (39) (0.01) % Interest rates (963) (0.26) % 1,798 0.48 % 835 0.22 % Metals 1,033 0.28 % (984) (0.27) % 49 0.01 % Soft commodities 219 0.06 % — — % 219 0.06 % Stock indices 1,043 0.28 % (377) (0.10) % 666 0.18 % Total Foreign Futures Positions 1,249 437 1,686 Total Futures Contracts $ 3,039 0.81 % $ (975) (0.26) % $ 2,064 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (5,454) (1.46) % $ — — % $ (5,454) (1.46) % Total Futures and Swap Contracts $ (2,415) (0.65) % $ (975) (0.26) % $ (3,390) (0.91) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Global 2 Class Units at December 31, 2022 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description *** Fair Value (net asset value) $ 39,142 11/3/2023-4/11/2025 Federal Farm Credit Banks, 0.2%-2.9% ** $ 37,416 12.24 % 24,484 8/26/2024 Federal Home Loan Banks, 0.5% 22,910 7.50 % 24,484 9/30/2024 Federal Home Loan Banks, 0.5% 22,811 7.46 % 75,084 4/15/2024-5/19/2025 Other Federal Home Loan Banks, 0.4%-3.5% ** 71,547 23.41 % 16,323 12/15/2023 Federal National Mortgage Assoc., 0.3% 15,639 5.12 % Total U.S. Government-sponsored enterprises (cost $179,440) $ 170,323 55.73 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 4,081 2/23/2023 U.S. Treasury bill, 1.2% $ 4,074 1.33 % 16,323 5/31/2023 U.S. Treasury note, 0.2% 16,319 5.34 % Total U.S. Government securities (cost $20,331) $ 20,393 6.67 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,492 U.S. Exchange-traded funds (cost $61,048) ** $ 52,565 17.20 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 2 Class Units at December 31, 2022 (cost of $260,819 ) $ 243,281 79.60 % ** No individual position constituted greater than 5 percent of partners’ capital (net asset value). ***All or a portion of these positions are related to the General Partner's contribution (see Note 5). Securities owned by Global 2 Class Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 40,525 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 40,470 10.80 % 27,656 8/26/2024 Federal Home Loan Banks, 0.5% 27,704 7.40 % 27,656 9/30/2024 Federal Home Loan Banks, 0.5% 27,691 7.39 % 73,748 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 73,816 19.71 % 18,437 12/15/2023 Federal National Mortgage Assoc., 0.3% 18,440 4.92 % Total U.S. Government-sponsored enterprises (cost $187,934) $ 188,121 50.22 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 36,874 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 36,817 9.83 % 18,437 5/31/2023 U.S. Treasury note, 0.2% 18,416 4.92 % Total U.S. Government securities (cost $55,221) $ 55,233 14.75 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 2,917 U.S. Exchange-traded funds (cost $67,978) ** $ 65,718 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 2 Class Units at December 31, 2021 (cost of $311,133 ) $ 309,072 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Global 3 Class | |
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |
Schedule of assets | Global 3 Class Units Assets by Class of Units December 31, 2021 Equity in brokers' trading accounts: Cash $ 1,323 Net unrealized gain (loss) on open futures contracts 46 Net unrealized gain (loss) on open swap contracts (121) Total equity in brokers' trading accounts 1,248 Cash and cash equivalents 333 Securities owned, at fair value (cost $6,918) 6,872 Total assets $ 8,453 |
Schedule of unrealized gain (loss) on futures, forwards, and swap contracts | Futures and Swap Contracts owned by Global 3 Class Units at December 31, 2021 Unrealized gain/(loss) on open long contracts Percent of Partners’ Capital (Net Asset Value) Unrealized gain/(loss) on open short contracts Percent of Partners’ Capital (Net Asset Value) Net unrealized gain/(loss) on open contracts Percent of Partners’ Capital (Net Asset Value) Futures Contracts * U.S. Futures Positions: Agriculturals $ 3 0.04 % $ (5) (0.06) % $ (2) (0.02) % Currencies — — % (32) (0.38) % (32) (0.38) % Energy (1) (0.01) % 5 0.06 % 4 0.05 % Interest rates (1) (0.01) % 19 0.23 % 18 0.22 % Meats 2 0.02 % (1) (0.01) % 1 0.01 % Metals 15 0.18 % (8) (0.10) % 7 0.08 % Soft commodities 12 0.14 % (1) (0.01) % 11 0.13 % Stock indices 9 0.11 % (8) (0.10) % 1 0.01 % Total U.S. Futures Positions 39 (31) 8 Foreign Futures Positions: Agriculturals (1) (0.01) % — — % (1) (0.01) % Energy (1) (0.01) % — — % (1) (0.01) % Interest rates (21) (0.25) % 40 0.48 % 19 0.23 % Metals 23 0.28 % (22) (0.27) % 1 0.01 % Soft commodities 5 0.06 % — — % 5 0.06 % Stock indices 23 0.28 % (8) (0.10) % 15 0.18 % Total Foreign Futures Positions 28 10 38 Total Futures Contracts $ 67 0.80 % $ (21) (0.25) % $ 46 0.55 % Swap Contracts Deutsche Bank total return swap, Termination date June 30, 2025 $ (121) (1.45) % $ — — % $ (121) (1.45) % Total Futures and Swap Contracts $ (54) (0.65) % $ (21) (0.25) % $ (75) (0.90) % * No individual futures contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Schedule of securities owned | Securities owned by Global 3 Class Units at December 31, 2021 U.S. Government-sponsored enterprises Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 901 11/3/2023-6/17/2024 Federal Farm Credit Banks, 0.2%-0.7% ** $ 900 10.81 % 615 8/26/2024 Federal Home Loan Banks, 0.5% 616 7.40 % 615 9/30/2024 Federal Home Loan Banks, 0.5% 616 7.40 % 1,640 4/15/2024-11/25/2024 Other Federal Home Loan Banks, 0.4%-1.0% ** 1,641 19.70 % 410 12/15/2023 Federal National Mortgage Assoc., 0.3% 410 4.92 % Total U.S. Government-sponsored enterprises (cost $4,179) $ 4,183 50.23 % U.S. Government securities Percent of Partners' Capital Face Value Maturity Dates Description Fair Value (net asset value) $ 820 6/23/2022-12/1/2022 U.S. Treasury bills, 0.2%-0.3% ** $ 819 9.83 % 410 5/31/2023 U.S. Treasury note, 0.2% 409 4.91 % Total U.S. Government securities (cost $1,228) $ 1,228 14.74 % U.S. Exchange-traded funds Percent of Partners' Capital Shares Description Fair Value (net asset value) 64 U.S. Exchange-traded funds (cost $1,511) ** $ 1,461 17.54 % Percent of Partners' Capital Fair Value (net asset value) Total securities owned by Global 3 Class Units at December 31, 2021 (cost of $6,918 ) $ 6,872 82.51 % **No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Financial Highlights (Tables)
Financial Highlights (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Highlights | |
Schedule of financial highlights reflecting activity related to the Partnership | 2022 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units (1) Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 950.90 $ 759.34 $ 830.25 $ 802.66 $ 843.02 $ 818.74 $ 659.82 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) 93.81 75.65 82.33 78.96 83.60 82.58 41.53 Net investment loss (2) (70.64) (61.85) (44.36) (44.16) (40.65) (42.83) (19.17) Total income (loss) from operations 23.17 13.80 37.97 34.80 42.95 39.75 22.36 Redemption — — — — — — — (682.18) Net asset value per unit at end of period $ 974.07 $ 773.14 $ 868.22 $ 837.46 $ 885.97 $ 858.49 $ — Total Return (3) 2.44 % 1.82 % 4.57 % 4.33 % 5.09 % 4.85 % 3.39 % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.84 % 6.52 % 3.53 % 3.77 % 2.98 % 3.26 % 4.95 % Incentive fees 2.28 % 2.30 % 2.54 % 2.46 % 2.59 % 2.69 % 0.67 % Total expenses 8.12 % 8.82 % 6.07 % 6.23 % 5.57 % 5.95 % 5.62 % Net investment loss (4) (4.82) % (5.50) % (2.51) % (2.74) % (1.96) % (2.25) % (4.52) % 2021 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 900.81 $ 721.77 $ 772.63 $ 748.69 $ 780.50 $ 759.80 $ 620.27 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) 121.32 98.07 104.44 100.87 106.28 104.47 83.44 Net investment loss (2) (71.23) (60.50) (46.82) (46.90) (43.76) (45.53) (43.89) Total income (loss) from operations 50.09 37.57 57.62 53.97 62.52 58.94 39.55 Net asset value per unit at end of period $ 950.90 $ 759.34 $ 830.25 $ 802.66 $ 843.02 $ 818.74 $ 659.82 Total Return 5.56 % 5.21 % 7.46 % 7.21 % 8.01 % 7.76 % 6.38 % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.75 % 6.46 % 3.43 % 3.68 % 2.87 % 3.20 % 4.88 % Incentive fees 2.11 % 1.88 % 2.65 % 2.60 % 2.77 % 2.82 % 2.17 % Total expenses 7.86 % 8.34 % 6.08 % 6.28 % 5.64 % 6.02 % 7.05 % Net investment loss (4) (5.33) % (6.03) % (3.00) % (3.25) % (2.45) % (2.77) % (4.46) % 2020 Class A Class B Legacy 1 Legacy 2 Global 1 Global 2 Global 3 Units Units Class Units Class Units Class Units Class Units Class Units Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ 992.10 $ 799.78 $ 832.28 $ 808.27 $ 836.87 $ 815.99 $ 677.29 Income (loss) from operations Net realized and change in unrealized gain (loss) from trading (2) (46.46) (37.72) (38.02) (36.95) (38.05) (37.22) (36.47) Net investment loss (2) (44.83) (40.29) (21.63) (22.63) (18.32) (18.97) (20.55) Total income (loss) from operations (91.29) (78.01) (59.65) (59.58) (56.37) (56.19) (57.02) Net asset value per unit at end of period $ 900.81 $ 721.77 $ 772.63 $ 748.69 $ 780.50 $ 759.80 $ 620.27 Total Return (9.20) % (9.75) % (7.17) % (7.37) % (6.74) % (6.89) % (8.42) % Ratios as a percentage of average net assets: Expenses prior to incentive fees 5.52 % 6.22 % 3.24 % 3.49 % 2.70 % 2.95 % 4.39 % Incentive fees 0.60 % 0.54 % 0.69 % 0.67 % 0.78 % 0.68 % 0.20 % Total expenses 6.12 % 6.76 % 3.93 % 4.16 % 3.48 % 3.63 % 4.59 % Net investment loss (4) (4.49) % (5.13) % (2.20) % (2.45) % (1.65) % (1.90) % (3.15) % (1) Global 3 Class units were closed effective February 28, 2022. The per unit performance activity and expense ratios for the Global 3 Class units is for the two months ended February 28, 2022. The expenses prior to incentive fees and net investment loss are annualized. The incentive fees are not annualized. (2) Net investment loss per unit is calculated by dividing the expenses net of interest income by the average number of units outstanding during the period. The net realized and change in unrealized gain (loss) from trading is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (3) The 2022 Total Return before the General Partner contribution (see Note 5) is (0.71) % for the Class A units, (1.24) % for the Class B units, 1.36% for the Legacy 1 Class units, 1.13% for the Legacy 2 Class units, 1.94% for the Global 1 Class units and 1.63% for the Global 2 Class units. (4) Excludes incentive fee. |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments | |
Summary of Fair Values of Derivative Instruments | Consolidated Asset Liability Statements of Financial Derivatives Derivatives Type of Contract Condition Location December 31, 2022 December 31, 2022 Fair Value Agriculturals contracts Net unrealized gain (loss) on open futures contracts $ 326,754 $ (91,160) $ 235,594 Currencies contracts Net unrealized gain (loss) on open futures contracts 84,906 (125,411) (40,505) Energy contracts Net unrealized gain (loss) on open futures contracts 95,073 (80,530) 14,543 Interest rates contracts Net unrealized gain (loss) on open futures contracts 998,551 (199,951) 798,600 Meats contracts Net unrealized gain (loss) on open futures contracts 33,078 (1,340) 31,738 Metals contracts Net unrealized gain (loss) on open futures contracts 139,264 (36,642) 102,622 Soft commodities contracts Net unrealized gain (loss) on open futures contracts 169,949 (49,630) 120,319 Stock indices contracts Net unrealized gain (loss) on open futures contracts 134,543 (170,382) (35,839) Total $ 1,982,118 $ (755,046) $ 1,227,072 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Type of Contract Condition Location December 31, 2021 December 31, 2021 Fair Value Agriculturals contracts Net unrealized gain (loss) on open futures contracts $ 78,449 $ (92,756) $ (14,307) Currencies contracts Net unrealized gain (loss) on open futures contracts 82,177 (235,432) (153,255) Energy contracts Net unrealized gain (loss) on open futures contracts 51,769 (40,364) 11,405 Interest rates contracts Net unrealized gain (loss) on open futures contracts 347,549 (167,687) 179,862 Meats contracts Net unrealized gain (loss) on open futures contracts 12,651 (4,114) 8,537 Metals contracts Net unrealized gain (loss) on open futures contracts 228,905 (189,619) 39,286 Soft commodities contracts Net unrealized gain (loss) on open futures contracts 101,421 (24,286) 77,135 Stock indices contracts Net unrealized gain (loss) on open futures contracts 174,098 (98,809) 75,289 Total $ 1,077,019 $ (853,067) $ 223,952 Swap contracts* Net unrealized gain (loss) on open swap contracts $ — $ (591,631) $ (591,631) *At December 31, 2021, the sector exposure of the CTA index underlying the swap was: Deutsche Bank total return swap, termination date June 30, 2025 Interest rate contracts 26% Stock indices contracts 23% Forward currency contracts 51% Total 100% |
Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations | Years Ended December 31, Type of Contract Line Item in Consolidated Statements of Operations 2022 2021 2020 Futures contracts Agriculturals contracts Net gains (losses) from futures trading $ 259,508 $ 1,021,263 $ 1,176,839 Currencies contracts Net gains (losses) from futures trading 1,212,759 (13,627) 505,665 Energy contracts Net gains (losses) from futures trading 677,902 2,912,130 (105,207) Interest rates contracts Net gains (losses) from futures trading 3,622,349 (423,325) 2,129,265 Meats contracts Net gains (losses) from futures trading (525,619) (202,306) 91,806 Metals contracts Net gains (losses) from futures trading 947,102 (249,816) 1,373,206 Soft commodities contracts Net gains (losses) from futures trading (516,478) 1,783,024 373,043 Stock indices contracts Net gains (losses) from futures trading 63,234 893,886 (1,642,386) Total futures contracts Net gains (losses) from futures trading 5,740,757 5,721,229 3,902,231 Forward currency contracts Net gains (losses) from forward currency trading — 86,650 (238,576) Swap contracts Net gains (losses) from swap trading (330,498) 828,940 (6,594,230) Total $ 5,410,259 $ 6,636,819 $ (2,930,575) |
Schedule of Line Item in Consolidated Statement of Operations | Line Item in Consolidated Statements of Operations For years ended December 31, 2022 2021 2020 Net gains (losses) from futures trading Realized $ 4,737,637 $ 7,061,115 $ 2,740,200 Change in unrealized 1,003,120 (1,339,886) 1,162,031 Total realized and change in unrealized net gains (losses) from futures trading $ 5,740,757 $ 5,721,229 $ 3,902,231 Net gains (losses) from forward currency trading Realized $ — $ 22,721 $ (243,720) Change in unrealized — 63,929 5,144 Total realized and change in unrealized net gains (losses) from forward currency trading $ — $ 86,650 $ (238,576) Net gains (losses) from swap trading Realized $ (922,129) $ — $ (2,136,220) Change in unrealized 591,631 828,940 (4,458,010) Total realized and change in unrealized net gains (losses) from swap trading $ (330,498) $ 828,940 $ (6,594,230) Total realized and change in unrealized net gains (losses) from futures, forward currency and swap trading $ 5,410,259 $ 6,636,819 $ (2,930,575) |
Schedule of Offsetting of Derivative Assets | Offsetting of Derivative Assets As of December 31, 2022 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition Total U.S. and foreign futures contracts $ 1,982,118 $ (755,046) $ 1,227,072 Offsetting of Derivative Assets As of December 31, 2021 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ 1,077,019 $ (853,067) $ 223,952 Swap contracts — (591,631) (591,631) Total derivatives $ 1,077,019 $ (1,444,698) $ (367,679) |
Schedule of Offsetting of Derivative Liabilities | Offsetting of Derivative Liabilities As of December 31, 2022 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition Total U.S. and foreign futures contracts $ 755,046 $ (755,046) $ — Offsetting of Derivative Liabilities As of December 31, 2021 Net Amount of Gross Amounts Unrealized Gain/(Loss) Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statements of Statements of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ 853,067 $ (853,067) $ — Swap contracts 591,631 (591,631) — Total derivatives $ 1,444,698 $ (1,444,698) $ — |
Schedule of Derivative Assets and Liabilities and Collateral Received by Counterparty | Derivative Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2022 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Pledged Net Amount ADM Investor Services, Inc. $ 513,483 $ — $ — $ 513,483 Rosenthal Collins Group Division of Marex Spectron 713,589 — — 713,589 Total $ 1,227,072 $ — $ — $ 1,227,072 Derivative Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2021 Gross Amounts Not Offset in the Consolidated Statements of Financial Condition Net Amount of Unrealized Gain/(Loss) Presented in the Consolidated Statements of Financial Cash Collateral Counterparty Financial Condition Instruments Pledged Net Amount ADM Investor Services, Inc. $ 120,272 $ — $ — $ 120,272 Deutsche Bank AG (591,631) — 591,631 — Rosenthal Collins Group Division of Marex Spectron 103,680 — — 103,680 Total $ (367,679) $ — $ 591,631 $ 223,952 |
Nature of Business and Signif_3
Nature of Business and Significant Accounting Policies (Details) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) class | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Assets allocated to GP 1, GP 5, and GP 9 | $ 0 | ||
Assets allocated to GP 1 and GP 9 | $ 0 | ||
Classes of interests | |||
Number of classes of limited partner interests | class | 7 | ||
Income taxes | |||
Income taxes | $ 0 | 0 | $ 0 |
Debt | |||
Debt carried by partners | 0 | 0 | $ 0 |
General Partner | |||
Organization and offering costs | |||
Unreimbursed organization and offering costs | $ 43,000 | ||
General Partner | Maximum | |||
Organization and offering costs | |||
Allowable monthly reimbursement of organization and offering costs as a percent of net Partnership asset value | 0.083% | ||
Allowable annual reimbursement of organization and offering costs as a percent of net Partnership asset value | 1% | ||
Swap Contracts | Deutsche Bank AG | |||
Swap contracts | |||
Derivative notional value | $ 0 | 8,049,187 | |
Cash margin balance | $ 0 | $ 2,246,500 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Fair Value Measurements | ||
Investments Owned, Fair Value | $ 29,809,006 | $ 33,527,220 |
Amount of transfers among Levels 1, 2, and 3 | 0 | 0 |
Futures Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | 1,227,072 | 223,952 |
Swap Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | (591,631) | |
Recurring basis | ||
Fair Value Measurements | ||
Total - Assets | 31,036,078 | 33,159,541 |
Recurring basis | Futures Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | 1,227,072 | 223,952 |
Recurring basis | Swap Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | (591,631) | |
Recurring basis | U.S. Government-sponsored enterprises | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | 20,869,657 | 20,406,689 |
Recurring basis | U.S. Government securities | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | 2,498,651 | 5,991,677 |
Recurring basis | U.S. Exchange Traded Funds | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | 6,440,698 | 7,128,854 |
Recurring basis | Level 1 | ||
Fair Value Measurements | ||
Total - Assets | 7,667,770 | 7,352,806 |
Recurring basis | Level 1 | Futures Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | 1,227,072 | 223,952 |
Recurring basis | Level 1 | U.S. Exchange Traded Funds | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | 6,440,698 | 7,128,854 |
Recurring basis | Level 2 | ||
Fair Value Measurements | ||
Total - Assets | 23,368,308 | 25,806,735 |
Recurring basis | Level 2 | Swap Contracts | ||
Fair Value Measurements | ||
Open derivative contracts, fair value | (591,631) | |
Recurring basis | Level 2 | U.S. Government-sponsored enterprises | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | 20,869,657 | 20,406,689 |
Recurring basis | Level 2 | U.S. Government securities | ||
Fair Value Measurements | ||
Investments Owned, Fair Value | $ 2,498,651 | $ 5,991,677 |
Commodity Trading Advisors an_2
Commodity Trading Advisors and Reference Traders (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Commodity Trading Advisors and Reference Traders | |||
Percentage of average month-end net assets paid as a monthly fee to the Cash Manager for management and control of the liquid assets of the Partnership | 0.25% | 0.23% | 0.22% |
Low end of the range | |||
Commodity Trading Advisors and Reference Traders | |||
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors and reference traders | 0.20% | ||
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors and reference traders | 0% | ||
Maximum | |||
Commodity Trading Advisors and Reference Traders | |||
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors and reference traders | 1% | ||
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors and reference traders | 20% |
General Partner and Related P_3
General Partner and Related Party Transactions (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
General Partner and Related Party Transactions | |||
Brokerage charge | $ 1,954,194 | $ 2,110,551 | $ 2,316,366 |
Incentive fees | 966,789 | 957,042 | 302,005 |
Organizational and offering costs | 114,472 | 127,332 | 142,831 |
Operating expenses | 101,789 | 112,517 | 124,916 |
Receivable from General Partner | 1,150,000 | ||
Unrealized loss on investments | $ 1,938,160 | (8,125) | 145,365 |
Maximum | |||
General Partner and Related Party Transactions | |||
Percent of the notional amount of a swap transaction used as the basis for fees paid to a counterparty | 0.50% | ||
Percentage of average month-end net assets as basis for determining operating expense reimbursements | 0.25% | ||
Class A | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 7% | ||
Organization and Offering Reimbursement (as a percent) | 0.10% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 112,729 | ||
Class B | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 7.45% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 671,583 | ||
Legacy 1 Class | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 4.50% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 11,399 | ||
Legacy 2 Class | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 4.75% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 10,061 | ||
Global 1 Class | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 3.95% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 334,842 | ||
Global 2 Class | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 4.20% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
Receivable from General Partner | $ 9,386 | ||
Global 3 Class | |||
General Partner and Related Party Transactions | |||
Brokerage charge (as a percent) | 5.95% | ||
Organization and Offering Reimbursement (as a percent) | 0.30% | ||
Operating Expense (as a percent) | 0.25% | ||
General Partner | |||
General Partner and Related Party Transactions | |||
Minimum ownership of units as a percentage of all capital contributions of all Partners to the Partnership, option one | 1% | ||
Value of minimum ownership of units, option two | $ 25,000 | ||
Percentage of total capital contributions of all partners and all related limited partnerships used in computation of minimum net worth, option one | 5% | ||
Percentage of Units being offered for sale in the Partnership used in computation of minimum net worth, option one | 5% | ||
Amount of minimum net worth required to be maintained, option two | $ 50,000 | ||
Amount of maximum net worth required to be maintained | $ 1,000,000 | ||
Percentage of General Partners limited partnership interest in the entity treated as a general partnership interest | 10% | ||
Minimum amount to which the general partner will reduce the brokerage charge after offset of transaction costs and consulting fees | $ 0 | ||
Receivable from General Partner | 1,150,000 | ||
Additional future contribution elected to be made by the General Partner | 156,800 | ||
EMC | |||
General Partner and Related Party Transactions | |||
Brokerage charge | 111,600 | 91,800 | 81,500 |
Incentive fees | 624,800 | $ 133,500 | $ 13,000 |
Securities owned | U.S. Government-sponsored enterprises | General Partner | General Partner class | |||
General Partner and Related Party Transactions | |||
Unrealized loss on investments | $ 1,150,000 |
Redemptions and Allocation of_2
Redemptions and Allocation of Net Income or Loss (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Class A | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Class B | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Legacy 1 Class | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Legacy 2 Class | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Global 1 Class | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Global 2 Class | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Global 3 Class | |
Redemptions | |
Notice period by Limited Partner for redemption of Limited Partner units | 10 days |
Notice period by General Partner for redemption of Limited Partner units | 15 days |
Assets and Condensed Schedule_3
Assets and Condensed Schedule of Investments by Class of Units - Assets by Class of Units (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Equity in brokers' trading accounts: | ||
Cash | $ 4,586,226 | $ 6,456,079 |
Total equity in brokers' trading accounts | 5,813,298 | 6,088,400 |
Cash and cash equivalents | 1,595,024 | 1,622,595 |
Securities owned, at fair value | 29,809,006 | 33,527,220 |
Receivable from General Partner | 1,150,000 | |
Interest receivable, net | 612 | |
Total assets | 38,367,940 | 41,238,215 |
Securities owned, cost (in dollars) | 31,957,862 | 33,750,835 |
Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 1,227,072 | 223,952 |
Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (591,631) | |
Class A | ||
Equity in brokers' trading accounts: | ||
Cash | 449,568 | 592,884 |
Total equity in brokers' trading accounts | 569,852 | 559,118 |
Cash and cash equivalents | 156,353 | 149,009 |
Securities owned, at fair value | 2,922,046 | 3,078,921 |
Receivable from General Partner | 112,729 | |
Interest receivable, net | 60 | |
Total assets | 3,761,040 | 3,787,048 |
Securities owned, cost (in dollars) | 3,132,689 | 3,099,456 |
Class A | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 120,284 | 20,566 |
Class A | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (54,332) | |
Class B | ||
Equity in brokers' trading accounts: | ||
Cash | 2,678,289 | 3,876,724 |
Total equity in brokers' trading accounts | 3,394,880 | 3,655,941 |
Cash and cash equivalents | 931,470 | 974,329 |
Securities owned, at fair value | 17,408,028 | 20,132,310 |
Receivable from General Partner | 671,583 | |
Interest receivable, net | 358 | |
Total assets | 22,406,319 | 24,762,580 |
Securities owned, cost (in dollars) | 18,662,929 | 20,266,585 |
Class B | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 716,591 | 134,478 |
Class B | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (355,261) | |
Legacy 1 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 45,460 | 59,738 |
Total equity in brokers' trading accounts | 57,623 | 56,336 |
Cash and cash equivalents | 15,811 | 15,014 |
Securities owned, at fair value | 295,479 | 310,225 |
Receivable from General Partner | 11,399 | |
Interest receivable, net | 6 | |
Total assets | 380,318 | 381,575 |
Securities owned, cost (in dollars) | 316,779 | 312,295 |
Legacy 1 Class | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 12,163 | 2,072 |
Legacy 1 Class | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (5,474) | |
Legacy 2 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 40,123 | 49,891 |
Total equity in brokers' trading accounts | 50,858 | 47,050 |
Cash and cash equivalents | 13,954 | 12,539 |
Securities owned, at fair value | 260,784 | 259,089 |
Receivable from General Partner | 10,061 | |
Interest receivable, net | 5 | |
Total assets | 335,662 | 318,678 |
Securities owned, cost (in dollars) | 279,583 | 260,817 |
Legacy 2 Class | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 10,735 | 1,731 |
Legacy 2 Class | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (4,572) | |
Global 1 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 1,335,356 | 1,816,003 |
Total equity in brokers' trading accounts | 1,692,639 | 1,712,581 |
Cash and cash equivalents | 464,418 | 456,413 |
Securities owned, at fair value | 8,679,388 | 9,430,731 |
Receivable from General Partner | 334,842 | |
Interest receivable, net | 178 | |
Total assets | 11,171,465 | 11,599,725 |
Securities owned, cost (in dollars) | 9,305,063 | 9,493,631 |
Global 1 Class | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 357,283 | 62,995 |
Global 1 Class | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (166,417) | |
Global 2 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 37,430 | 59,516 |
Total equity in brokers' trading accounts | 47,446 | 56,126 |
Cash and cash equivalents | 13,018 | 14,958 |
Securities owned, at fair value | 243,281 | 309,072 |
Receivable from General Partner | 9,386 | |
Interest receivable, net | 5 | |
Total assets | 313,136 | 380,156 |
Securities owned, cost (in dollars) | 260,819 | 311,133 |
Global 2 Class | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | $ 10,016 | 2,064 |
Global 2 Class | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | (5,454) | |
Global 3 Class | ||
Equity in brokers' trading accounts: | ||
Cash | 1,323 | |
Total equity in brokers' trading accounts | 1,248 | |
Cash and cash equivalents | 333 | |
Securities owned, at fair value | 6,872 | |
Total assets | 8,453 | |
Securities owned, cost (in dollars) | 6,918 | |
Global 3 Class | Futures Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | 46 | |
Global 3 Class | Swap Contracts | ||
Equity in brokers' trading accounts: | ||
Net unrealized gains (losses) on open contracts | $ (121) |
Assets and Condensed Schedule_4
Assets and Condensed Schedule of Investments by Class of Units - Investments by Class of Units (Details) | Dec. 31, 2022 USD ($) contract | Dec. 31, 2021 USD ($) | |
Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (261,927) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 223,709 | $ 329,704 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.60% | 0.81% |
Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 436,427 | $ 194,246 |
Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 308,375 | $ 15,671 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.82% | 0.04% |
Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 24,210 | $ 2,412 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.06% | |
Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 28,083 | $ (6,290) |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.08% | (0.01%) |
Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (66,906) | $ (2,814) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.18%) | (0.01%) |
Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 32,738 | $ 11,987 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.09% | 0.03% |
Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 83,202 | $ 72,060 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | 0.17% |
Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 41,407 | $ 59,173 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.11% | 0.14% |
Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (14,682) | $ 42,047 |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.04%) | 0.10% |
Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (212,718) | $ 135,458 |
Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | (421) | $ (4,736) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |
Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (26,270) | $ (4,286) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.07%) | (0.01%) |
Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (104,436) | |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.26%) | |
Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | [1] | 1 | |
Net unrealized gain/(loss) on open contracts | [1] | $ (9,067) | |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.02%) | |
Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (102,087) | |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.27%) | |
Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 15,301 | $ 112,035 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.04% | 0.28% |
Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 47,311 | $ 23,790 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.13% | 0.06% |
Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (137,485) | $ 113,091 |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.37%) | 0.28% |
Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (591,631) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (105,752) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,003,363 | $ (105,752) |
Percent of Partners' Capital (Net Asset Value) | [1] | 2.68% | (0.26%) |
Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 62,475 | $ (153,135) |
Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (70,821) | $ (25,242) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.19%) | (0.06%) |
Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (64,715) | $ (155,667) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.17%) | (0.38%) |
Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 38,320 | $ 21,981 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.10% | 0.05% |
Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 62,053 | $ 92,084 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.17% | 0.23% |
Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (1,000) | $ (3,450) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |
Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | 1,025 | $ (38,060) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.09%) | |
Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (17,397) | $ (5,828) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.05%) | (0.01%) |
Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 115,010 | $ (38,953) |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.31% | (0.09%) |
Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 940,888 | $ 47,383 |
Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | (1,539) | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (25,590) | |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.07%) | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 195,028 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.48% | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | [1] | 53 | |
Net unrealized gain/(loss) on open contracts | [1] | $ 387,631 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 1.03% | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 526,976 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 1.41% | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 3,094 | $ (106,749) |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.01% | (0.27%) |
Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 48,998 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.13% | |
Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,318 | $ (40,896) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.10%) | |
Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (367,679) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 1,227,072 | $ 223,952 |
Percent of Partners' Capital (Net Asset Value) | [1] | 3.28% | 0.55% |
Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 498,902 | $ 41,111 |
Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 237,554 | $ (9,571) |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.63% | (0.02%) |
Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (40,505) | $ (153,255) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.11%) | (0.38%) |
Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 66,403 | $ 15,691 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.18% | 0.04% |
Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (4,853) | $ 89,270 |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | 0.22% |
Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 31,738 | $ 8,537 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.08% | 0.02% |
Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 84,227 | $ 34,000 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | 0.08% |
Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 24,010 | $ 53,345 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.06% | 0.13% |
Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 100,328 | $ 3,094 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.27% | 0.01% |
Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 728,170 | $ 182,841 |
Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | (1,960) | $ (4,736) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.01%) | |
Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (51,860) | $ (4,286) |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.14%) | (0.01%) |
Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 90,592 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.22% | |
Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 378,564 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 1.01% | |
Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 424,889 | |
Percent of Partners' Capital (Net Asset Value) | [1] | 1.14% | |
Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 18,395 | $ 5,286 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.05% | 0.01% |
Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ 96,309 | $ 23,790 |
Percent of Partners' Capital (Net Asset Value) | [1] | 0.26% | 0.06% |
Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | [1] | $ (136,167) | $ 72,195 |
Percent of Partners' Capital (Net Asset Value) | [1] | (0.36%) | 0.18% |
Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (591,631) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Class A | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (24,053) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Class A | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 21,929 | $ 30,279 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 42,780 | $ 17,839 | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 30,228 | $ 1,439 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,373 | $ 222 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,753 | $ (578) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (6,559) | $ (258) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,209 | $ 1,101 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,156 | $ 6,618 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,059 | $ 5,434 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Class A | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,439) | $ 3,861 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (20,851) | $ 12,440 | |
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (41) | $ (435) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,575) | $ (394) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (9,591) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (889) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (10,007) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,500 | $ 10,289 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,638 | $ 2,185 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Class A | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (13,477) | $ 10,386 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Class A | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (54,332) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Class A | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (9,713) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Class A | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 98,355 | $ (9,713) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 6,124 | $ (14,064) | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (6,942) | $ (2,318) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (6,344) | $ (14,296) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,756 | $ 2,018 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 6,083 | $ 8,456 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (98) | $ (317) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 100 | $ (3,495) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,705) | $ (535) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Class A | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 11,274 | $ (3,577) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 92,231 | $ 4,351 | |
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (151) | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,508) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 17,910 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | 5 | ||
Net unrealized gain/(loss) on open contracts | $ 37,998 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 51,657 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 303 | $ (9,803) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,803 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Class A | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 129 | $ (3,756) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Class A | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (33,766) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Class A | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 120,284 | $ 20,566 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 48,904 | $ 3,775 | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 23,286 | $ (879) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (3,971) | $ (14,074) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 6,509 | $ 1,440 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (476) | $ 8,198 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,111 | $ 784 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,256 | $ 3,123 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,354 | $ 4,899 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Class A | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,835 | $ 284 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 71,380 | $ 16,791 | |
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (192) | $ (435) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,083) | $ (394) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,319 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 37,109 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 41,650 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,803 | $ 486 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,441 | $ 2,185 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Class A | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (13,348) | $ 6,630 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Class A | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (54,332) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Class B | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (157,283) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Class B | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 130,643 | $ 197,978 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 254,867 | $ 116,640 | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 180,086 | $ 9,410 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 14,138 | $ 1,449 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 16,400 | $ (3,777) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (39,072) | $ (1,690) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 19,119 | $ 7,198 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 48,588 | $ 43,270 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 24,182 | $ 35,532 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Class B | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (8,574) | $ 25,248 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (124,224) | $ 81,338 | |
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (246) | $ (2,844) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (15,341) | $ (2,574) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (62,711) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | 1 | ||
Net unrealized gain/(loss) on open contracts | $ (5,295) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (59,617) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,935 | $ 67,274 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 27,629 | $ 14,285 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Class B | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (80,289) | $ 67,908 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Class B | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (355,261) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Class B | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (63,500) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Class B | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 585,948 | $ (63,500) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 36,484 | $ (91,953) | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (41,358) | $ (15,157) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (37,793) | $ (93,474) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 22,378 | $ 13,199 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 36,238 | $ 55,294 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (584) | $ (2,071) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 600 | $ (22,854) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (10,161) | $ (3,500) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Class B | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 67,164 | $ (23,390) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 549,464 | $ 28,453 | |
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (899) | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (14,944) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 117,110 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | 32 | ||
Net unrealized gain/(loss) on open contracts | $ 226,371 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 307,746 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,807 | $ (64,100) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 28,614 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Class B | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 769 | $ (24,557) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Class B | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (220,783) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Class B | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 716,591 | $ 134,478 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 291,351 | $ 24,687 | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 138,728 | $ (5,747) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (23,655) | $ (92,025) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 38,778 | $ 9,422 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,834) | $ 53,604 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 18,535 | $ 5,127 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 49,188 | $ 20,416 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 14,021 | $ 32,032 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Class B | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 58,590 | $ 1,858 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 425,240 | $ 109,791 | |
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (1,145) | $ (2,844) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (30,285) | $ (2,574) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 54,399 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 221,076 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 248,129 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 10,742 | $ 3,174 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 56,243 | $ 14,285 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Class B | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (79,520) | $ 43,351 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Class B | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (355,261) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Legacy 1 Class | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,422) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Legacy 1 Class | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,216 | $ 3,052 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,326 | $ 1,799 | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,057 | $ 145 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 240 | $ 22 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 278 | $ (58) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (663) | $ (25) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 325 | $ 111 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 825 | $ 667 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 410 | $ 548 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Legacy 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (146) | $ 389 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,110) | $ 1,253 | |
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (4) | $ (44) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (261) | $ (40) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (966) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (90) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,013) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 152 | $ 1,037 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 469 | $ 220 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Legacy 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,363) | $ 1,046 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Legacy 1 Class | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,474) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Legacy 1 Class | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (980) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Legacy 1 Class | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,947 | $ (980) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 620 | $ (1,418) | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (702) | $ (234) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (641) | $ (1,440) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 380 | $ 203 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 615 | $ 852 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (10) | $ (32) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 10 | $ (352) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (172) | $ (54) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,140 | $ (361) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,327 | $ 438 | |
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (15) | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (254) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,804 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | 1 | ||
Net unrealized gain/(loss) on open contracts | $ 3,842 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5,224 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 31 | $ (988) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 486 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Legacy 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 13 | $ (378) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Legacy 1 Class | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (3,402) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Legacy 1 Class | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 12,163 | $ 2,072 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,946 | $ 381 | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,355 | $ (89) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (401) | $ (1,418) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 658 | $ 145 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (48) | $ 827 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 315 | $ 79 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 835 | $ 315 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 238 | $ 494 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Legacy 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 994 | $ 28 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 7,217 | $ 1,691 | |
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (19) | $ (44) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (515) | $ (40) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 838 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,752 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,211 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 183 | $ 49 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 955 | $ 220 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Legacy 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,350) | $ 668 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Legacy 1 Class | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,474) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Legacy 2 Class | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,024) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Legacy 2 Class | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,958 | $ 2,548 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,819 | $ 1,501 | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,698 | $ 121 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 212 | $ 19 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 246 | $ (49) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (585) | $ (22) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 286 | $ 93 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 728 | $ 557 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 362 | $ 457 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Legacy 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (128) | $ 325 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,861) | $ 1,047 | |
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (4) | $ (36) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (230) | $ (33) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (807) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (79) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (893) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 134 | $ 865 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 414 | $ 184 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Legacy 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,203) | $ 874 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Legacy 2 Class | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (4,572) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Legacy 2 Class | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (817) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Legacy 2 Class | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,777 | $ (817) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 546 | $ (1,183) | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (620) | $ (195) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (566) | $ (1,203) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 335 | $ 170 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 543 | $ 712 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (9) | $ (27) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 9 | $ (294) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (152) | $ (45) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,006 | $ (301) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,231 | $ 366 | |
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (13) | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (224) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,507 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,391 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,610 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 27 | $ (825) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 428 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Legacy 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 12 | $ (316) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Legacy 2 Class | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,841) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Legacy 2 Class | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 10,735 | $ 1,731 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,365 | $ 318 | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,078 | $ (74) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (354) | $ (1,184) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 581 | $ 121 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (42) | $ 690 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 277 | $ 66 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 737 | $ 263 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 210 | $ 412 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Legacy 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 878 | $ 24 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 6,370 | $ 1,413 | |
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (17) | $ (36) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (454) | $ (33) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 700 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,312 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,717 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 161 | $ 40 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 842 | $ 184 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Legacy 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,191) | $ 558 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Legacy 2 Class | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (4,572) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Global 1 Class | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (73,676) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Global 1 Class | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 65,136 | $ 92,741 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 127,073 | $ 54,638 | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 89,789 | $ 4,408 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 7,049 | $ 678 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,177 | $ (1,769) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (19,481) | $ (792) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,532 | $ 3,372 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 24,226 | $ 20,269 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 12,056 | $ 16,645 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Global 1 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (4,275) | $ 11,827 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (61,937) | $ 38,103 | |
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (123) | $ (1,332) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (7,649) | $ (1,205) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (29,377) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,640) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (29,724) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,455 | $ 31,514 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 13,775 | $ 6,692 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Global 1 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (40,031) | $ 31,811 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Global 1 Class | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (166,417) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Global 1 Class | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (29,746) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Global 1 Class | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 292,147 | $ (29,746) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 18,191 | $ (43,074) | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (20,621) | $ (7,100) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (18,843) | $ (43,787) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 11,158 | $ 6,183 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 18,068 | $ 25,902 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (291) | $ (970) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 298 | $ (10,706) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,065) | $ (1,639) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Global 1 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 33,487 | $ (10,957) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 273,956 | $ 13,328 | |
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (448) | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (7,451) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 54,859 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
No. of contracts | contract | 15 | ||
Net unrealized gain/(loss) on open contracts | $ 112,865 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 153,438 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 901 | $ (30,027) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 14,267 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Global 1 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 384 | $ (11,504) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Global 1 Class | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (103,422) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Global 1 Class | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 357,283 | $ 62,995 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 145,264 | $ 11,564 | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 69,168 | $ (2,692) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (11,794) | $ (43,109) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 19,335 | $ 4,414 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,413) | $ 25,110 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9,241 | $ 2,402 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 24,524 | $ 9,563 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 6,991 | $ 15,006 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Global 1 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 29,212 | $ 870 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 212,019 | $ 51,431 | |
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (571) | $ (1,332) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (15,100) | $ (1,205) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 25,482 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 110,225 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 123,714 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5,356 | $ 1,487 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 28,042 | $ 6,692 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Global 1 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (39,647) | $ 20,307 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Global 1 Class | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (166,417) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Global 2 Class | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2,415) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Global 2 Class | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,827 | $ 3,039 | |
Percent of Partners' Capital (Net Asset Value) | 0.60% | 0.81% | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,562 | $ 1,790 | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2,517 | $ 145 | |
Percent of Partners' Capital (Net Asset Value) | 0.82% | 0.04% | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 198 | $ 22 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 229 | $ (58) | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | (0.01%) | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (546) | $ (26) | |
Percent of Partners' Capital (Net Asset Value) | (0.18%) | (0.01%) | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 267 | $ 110 | |
Percent of Partners' Capital (Net Asset Value) | 0.09% | 0.03% | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 679 | $ 664 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.17% | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 338 | $ 545 | |
Percent of Partners' Capital (Net Asset Value) | 0.11% | 0.14% | |
Global 2 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (120) | $ 388 | |
Percent of Partners' Capital (Net Asset Value) | (0.04%) | 0.10% | |
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,735) | $ 1,249 | |
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (3) | $ (44) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (214) | $ (39) | |
Percent of Partners' Capital (Net Asset Value) | (0.07%) | (0.01%) | |
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (963) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (74) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (833) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 125 | $ 1,033 | |
Percent of Partners' Capital (Net Asset Value) | 0.04% | 0.28% | |
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 386 | $ 219 | |
Percent of Partners' Capital (Net Asset Value) | 0.13% | 0.06% | |
Global 2 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,122) | $ 1,043 | |
Percent of Partners' Capital (Net Asset Value) | (0.37%) | 0.28% | |
Global 2 Class | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,454) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Global 2 Class | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (975) | ||
Percent of Partners' Capital (Net Asset Value) | (0.26%) | ||
Global 2 Class | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8,189 | $ (975) | |
Percent of Partners' Capital (Net Asset Value) | 2.68% | (0.26%) | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 510 | $ (1,412) | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (578) | $ (233) | |
Percent of Partners' Capital (Net Asset Value) | (0.19%) | (0.06%) | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (528) | $ (1,435) | |
Percent of Partners' Capital (Net Asset Value) | (0.17%) | (0.38%) | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 313 | $ 203 | |
Percent of Partners' Capital (Net Asset Value) | 0.10% | 0.05% | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 506 | $ 849 | |
Percent of Partners' Capital (Net Asset Value) | 0.17% | 0.23% | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (8) | $ (32) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | 8 | $ (351) | |
Percent of Partners' Capital (Net Asset Value) | (0.09%) | ||
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (142) | $ (54) | |
Percent of Partners' Capital (Net Asset Value) | (0.05%) | (0.01%) | |
Global 2 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 939 | $ (359) | |
Percent of Partners' Capital (Net Asset Value) | 0.31% | (0.09%) | |
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 7,679 | $ 437 | |
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (13) | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (209) | ||
Percent of Partners' Capital (Net Asset Value) | (0.07%) | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,798 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,164 | ||
Percent of Partners' Capital (Net Asset Value) | 1.03% | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,301 | ||
Percent of Partners' Capital (Net Asset Value) | 1.41% | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 25 | $ (984) | |
Percent of Partners' Capital (Net Asset Value) | 0.01% | (0.27%) | |
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 400 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Global 2 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 11 | $ (377) | |
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Global 2 Class | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (3,390) | ||
Percent of Partners' Capital (Net Asset Value) | (0.91%) | ||
Global 2 Class | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 10,016 | $ 2,064 | |
Percent of Partners' Capital (Net Asset Value) | 3.28% | 0.55% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4,072 | $ 378 | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1,939 | $ (88) | |
Percent of Partners' Capital (Net Asset Value) | 0.63% | (0.02%) | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (330) | $ (1,413) | |
Percent of Partners' Capital (Net Asset Value) | (0.11%) | (0.38%) | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 542 | $ 145 | |
Percent of Partners' Capital (Net Asset Value) | 0.18% | 0.04% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (40) | $ 823 | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | 0.22% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 259 | $ 78 | |
Percent of Partners' Capital (Net Asset Value) | 0.08% | 0.02% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 687 | $ 313 | |
Percent of Partners' Capital (Net Asset Value) | 0.22% | 0.08% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 196 | $ 491 | |
Percent of Partners' Capital (Net Asset Value) | 0.06% | 0.13% | |
Global 2 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 819 | $ 29 | |
Percent of Partners' Capital (Net Asset Value) | 0.27% | 0.01% | |
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5,944 | $ 1,686 | |
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | (16) | $ (44) | |
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (423) | $ (39) | |
Percent of Partners' Capital (Net Asset Value) | (0.14%) | (0.01%) | |
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 835 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Euro bund | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,090 | ||
Percent of Partners' Capital (Net Asset Value) | 1.01% | ||
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Other interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3,468 | ||
Percent of Partners' Capital (Net Asset Value) | 1.14% | ||
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 150 | $ 49 | |
Percent of Partners' Capital (Net Asset Value) | 0.05% | 0.01% | |
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 786 | $ 219 | |
Percent of Partners' Capital (Net Asset Value) | 0.26% | 0.06% | |
Global 2 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1,111) | $ 666 | |
Percent of Partners' Capital (Net Asset Value) | (0.36%) | 0.18% | |
Global 2 Class | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5,454) | ||
Percent of Partners' Capital (Net Asset Value) | (1.46%) | ||
Global 3 Class | Open long contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (54) | ||
Percent of Partners' Capital (Net Asset Value) | (0.65%) | ||
Global 3 Class | Open long contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 67 | ||
Percent of Partners' Capital (Net Asset Value) | 0.80% | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 39 | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 3 | ||
Percent of Partners' Capital (Net Asset Value) | 0.04% | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 2 | ||
Percent of Partners' Capital (Net Asset Value) | 0.02% | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 15 | ||
Percent of Partners' Capital (Net Asset Value) | 0.18% | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 12 | ||
Percent of Partners' Capital (Net Asset Value) | 0.14% | ||
Global 3 Class | Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 9 | ||
Percent of Partners' Capital (Net Asset Value) | 0.11% | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 28 | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (21) | ||
Percent of Partners' Capital (Net Asset Value) | (0.25%) | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 23 | ||
Percent of Partners' Capital (Net Asset Value) | 0.28% | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5 | ||
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Global 3 Class | Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 23 | ||
Percent of Partners' Capital (Net Asset Value) | 0.28% | ||
Global 3 Class | Open long contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (121) | ||
Percent of Partners' Capital (Net Asset Value) | (1.45%) | ||
Global 3 Class | Open short contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (21) | ||
Percent of Partners' Capital (Net Asset Value) | (0.25%) | ||
Global 3 Class | Open short contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (21) | ||
Percent of Partners' Capital (Net Asset Value) | (0.25%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (31) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (5) | ||
Percent of Partners' Capital (Net Asset Value) | (0.06%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (32) | ||
Percent of Partners' Capital (Net Asset Value) | (0.38%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5 | ||
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 19 | ||
Percent of Partners' Capital (Net Asset Value) | 0.23% | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (8) | ||
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (8) | ||
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Global 3 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 10 | ||
Global 3 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 40 | ||
Percent of Partners' Capital (Net Asset Value) | 0.48% | ||
Global 3 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (22) | ||
Percent of Partners' Capital (Net Asset Value) | (0.27%) | ||
Global 3 Class | Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (8) | ||
Percent of Partners' Capital (Net Asset Value) | (0.10%) | ||
Global 3 Class | Open contracts | Futures, Forward, and Swap Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (75) | ||
Percent of Partners' Capital (Net Asset Value) | (0.90%) | ||
Global 3 Class | Open contracts | Futures Contracts | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 46 | ||
Percent of Partners' Capital (Net Asset Value) | 0.55% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 8 | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (2) | ||
Percent of Partners' Capital (Net Asset Value) | (0.02%) | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Currencies | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (32) | ||
Percent of Partners' Capital (Net Asset Value) | (0.38%) | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 4 | ||
Percent of Partners' Capital (Net Asset Value) | 0.05% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 18 | ||
Percent of Partners' Capital (Net Asset Value) | 0.22% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Meats | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1 | ||
Percent of Partners' Capital (Net Asset Value) | 0.01% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 7 | ||
Percent of Partners' Capital (Net Asset Value) | 0.08% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 11 | ||
Percent of Partners' Capital (Net Asset Value) | 0.13% | ||
Global 3 Class | Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1 | ||
Percent of Partners' Capital (Net Asset Value) | 0.01% | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 38 | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Energy | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (1) | ||
Percent of Partners' Capital (Net Asset Value) | (0.01%) | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 19 | ||
Percent of Partners' Capital (Net Asset Value) | 0.23% | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Metals | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 1 | ||
Percent of Partners' Capital (Net Asset Value) | 0.01% | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 5 | ||
Percent of Partners' Capital (Net Asset Value) | 0.06% | ||
Global 3 Class | Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ 15 | ||
Percent of Partners' Capital (Net Asset Value) | 0.18% | ||
Global 3 Class | Open contracts | Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | |||
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned | |||
Net unrealized gain/(loss) on open contracts | $ (121) | ||
Percent of Partners' Capital (Net Asset Value) | (1.45%) | ||
[1] No individual futures contract position, other than those presented, constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented. |
Assets and Condensed Schedule_5
Assets and Condensed Schedule of Investments by Class of Units - Securities Owned by Class of Units (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 | |||
Securities owned | |||||
Investments Owned, Cost | $ 31,957,862 | $ 33,750,835 | |||
Investments Owned, Fair Value | 29,809,006 | 33,527,220 | |||
Class A | |||||
Securities owned | |||||
Investments Owned, Cost | 3,132,689 | 3,099,456 | |||
Investments Owned, Fair Value | 2,922,046 | 3,078,921 | |||
Class B | |||||
Securities owned | |||||
Investments Owned, Cost | 18,662,929 | 20,266,585 | |||
Investments Owned, Fair Value | 17,408,028 | 20,132,310 | |||
Legacy 1 Class | |||||
Securities owned | |||||
Investments Owned, Cost | 316,779 | 312,295 | |||
Investments Owned, Fair Value | 295,479 | 310,225 | |||
Legacy 2 Class | |||||
Securities owned | |||||
Investments Owned, Cost | 279,583 | 260,817 | |||
Investments Owned, Fair Value | 260,784 | 259,089 | |||
Global 1 Class | |||||
Securities owned | |||||
Investments Owned, Cost | 9,305,063 | 9,493,631 | |||
Investments Owned, Fair Value | 8,679,388 | 9,430,731 | |||
Global 2 Class | |||||
Securities owned | |||||
Investments Owned, Cost | 260,819 | 311,133 | |||
Investments Owned, Fair Value | 243,281 | 309,072 | |||
Global 3 Class | |||||
Securities owned | |||||
Investments Owned, Cost | 6,918 | ||||
Investments Owned, Fair Value | 6,872 | ||||
Securities owned | |||||
Securities owned | |||||
Investments Owned, Cost | 31,957,862 | 33,750,835 | |||
Investments Owned, Fair Value | $ 29,809,006 | $ 33,527,220 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 21,986,587 | [1] | $ 20,386,587 | ||
Investments Owned, Fair Value | $ 20,869,657 | [1] | $ 20,406,689 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 2,491,161 | $ 5,990,211 | |||
Investments Owned, Fair Value | $ 2,498,651 | $ 5,991,677 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 500,000 | $ 4,000,000 | [2] | ||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | [2] | 0.20% | |||
Investments Owned, Rate of Return Range Maximum | [2] | 0.30% | |||
Investments Owned, Fair Value | $ 499,139 | $ 3,993,846 | [2] | ||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | [2] | ||
Securities owned | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 2,000,000 | $ 2,000,000 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 1,999,512 | $ 1,997,831 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | [2] | $ 4,796,000 | [1] | $ 4,396,000 | |
Investments Owned, Rate of Return Range Minimum | [2] | 0.20% | [1] | 0.20% | |
Investments Owned, Rate of Return Range Maximum | [2] | 2.90% | [1] | 0.70% | |
Investments Owned, Fair Value | [2] | $ 4,584,488 | [1] | $ 4,390,024 | |
Percent of Partners' Capital (Net Asset Value) | [2] | 12.24% | [1] | 10.80% | |
Securities owned | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 3,000,000 | [1] | $ 3,000,000 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 2,807,202 | [1] | $ 3,005,209 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 3,000,000 | [1] | $ 3,000,000 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 2,795,041 | [1] | $ 3,003,791 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | [2] | $ 9,200,000 | [1] | $ 8,000,000 | |
Investments Owned, Rate of Return Range Minimum | [2] | 0.40% | [1] | 0.40% | |
Investments Owned, Rate of Return Range Maximum | [2] | 3.50% | [1] | 1% | |
Investments Owned, Fair Value | [2] | $ 8,766,730 | [1] | $ 8,007,381 | |
Percent of Partners' Capital (Net Asset Value) | [2] | 23.41% | [1] | 19.71% | |
Securities owned | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 2,000,000 | [1] | $ 2,000,000 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 1,916,196 | [1] | $ 2,000,284 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | [2] | 305,400 | 316,400 | ||
Investments Owned, Cost | [2] | $ 7,480,114 | $ 7,374,037 | ||
Investments Owned, Fair Value | [2] | $ 6,440,698 | $ 7,128,854 | ||
Percent of Partners' Capital (Net Asset Value) | [2] | 17.20% | 17.54% | ||
Securities owned | Class A | |||||
Securities owned | |||||
Investments Owned, Cost | $ 3,132,689 | $ 3,099,456 | |||
Investments Owned, Fair Value | $ 2,922,046 | $ 3,078,921 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Class A | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 2,155,249 | [1] | $ 1,872,171 | ||
Investments Owned, Fair Value | $ 2,045,762 | [1] | $ 1,874,017 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Class A | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 244,198 | $ 550,102 | |||
Investments Owned, Fair Value | $ 244,931 | $ 550,237 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Class A | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 49,013 | $ 367,334 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 48,928 | $ 366,769 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Class A | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 196,051 | $ 183,667 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 196,003 | $ 183,468 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Class A | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 470,131 | [1] | $ 403,700 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 449,397 | [1] | $ 403,151 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Class A | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 294,077 | [1] | $ 275,500 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 275,178 | [1] | $ 275,979 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Class A | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 294,077 | [1] | $ 275,500 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 273,986 | [1] | $ 275,849 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Class A | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 901,836 | [1] | $ 734,668 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 859,365 | [1] | $ 735,345 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Class A | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 196,051 | [1] | $ 183,667 | ||
Investments Owned, Rate of Return | [1] | 0.30% | |||
Investments Owned, Fair Value | $ 187,836 | [1] | $ 183,693 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Class A | Federal National Mortgage Association | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Rate of Return | 0.30% | ||||
Securities owned | Class A | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 29,937 | 29,056 | |||
Investments Owned, Cost | $ 733,242 | $ 677,183 | |||
Investments Owned, Fair Value | $ 631,353 | $ 654,667 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Class B | |||||
Securities owned | |||||
Investments Owned, Cost | $ 18,662,929 | $ 20,266,585 | |||
Investments Owned, Fair Value | $ 17,408,028 | $ 20,132,310 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Class B | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 12,839,849 | [1] | $ 12,241,668 | ||
Investments Owned, Fair Value | $ 12,187,578 | [1] | $ 12,253,738 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Class B | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 1,454,802 | $ 3,596,981 | |||
Investments Owned, Fair Value | $ 1,459,175 | $ 3,597,862 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Class B | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 291,993 | $ 2,401,906 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 291,489 | $ 2,398,211 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Class B | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,167,971 | $ 1,200,953 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 1,167,686 | $ 1,199,651 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Class B | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 2,800,794 | [1] | $ 2,639,695 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 2,677,275 | [1] | $ 2,636,106 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Class B | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,751,957 | [1] | $ 1,801,430 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 1,639,365 | [1] | $ 1,804,557 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Class B | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,751,957 | [1] | $ 1,801,430 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 1,632,263 | [1] | $ 1,803,706 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Class B | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 5,372,667 | [1] | $ 4,803,812 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 5,119,644 | [1] | $ 4,808,245 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Class B | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,167,971 | [1] | $ 1,200,953 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 1,119,031 | [1] | $ 1,201,124 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Class B | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 178,350 | 189,991 | |||
Investments Owned, Cost | $ 4,368,278 | $ 4,427,936 | |||
Investments Owned, Fair Value | $ 3,761,275 | $ 4,280,710 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Legacy 1 Class | |||||
Securities owned | |||||
Investments Owned, Cost | $ 316,779 | $ 312,295 | |||
Investments Owned, Fair Value | $ 295,479 | $ 310,225 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Legacy 1 Class | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 217,940 | [1] | $ 188,636 | ||
Investments Owned, Fair Value | $ 206,868 | [1] | $ 188,821 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Legacy 1 Class | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 24,693 | $ 55,427 | |||
Investments Owned, Fair Value | $ 24,768 | $ 55,441 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Legacy 1 Class | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 4,956 | $ 37,012 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 4,948 | $ 36,955 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Legacy 1 Class | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 19,825 | $ 18,506 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 19,820 | $ 18,486 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Legacy 1 Class | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 47,540 | [1] | $ 40,676 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 45,443 | [1] | $ 40,621 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Legacy 1 Class | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 29,737 | [1] | $ 27,759 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 27,826 | [1] | $ 27,807 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Legacy 1 Class | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 29,737 | [1] | $ 27,759 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 27,706 | [1] | $ 27,793 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Legacy 1 Class | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 91,194 | [1] | $ 74,024 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 86,899 | [1] | $ 74,092 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Legacy 1 Class | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 19,825 | [1] | $ 18,506 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 18,994 | [1] | $ 18,508 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Legacy 1 Class | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 3,027 | 2,927 | |||
Investments Owned, Cost | $ 74,146 | $ 68,232 | |||
Investments Owned, Fair Value | $ 63,843 | $ 65,963 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Legacy 2 Class | |||||
Securities owned | |||||
Investments Owned, Cost | $ 279,583 | $ 260,817 | |||
Investments Owned, Fair Value | $ 260,784 | $ 259,089 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Legacy 2 Class | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 192,349 | [1] | $ 157,541 | ||
Investments Owned, Fair Value | $ 182,578 | [1] | $ 157,697 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Legacy 2 Class | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 21,794 | $ 46,291 | |||
Investments Owned, Fair Value | $ 21,860 | $ 46,302 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Legacy 2 Class | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 4,374 | $ 30,911 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 4,367 | $ 30,863 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Legacy 2 Class | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 17,497 | $ 15,455 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 17,493 | $ 15,439 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Legacy 2 Class | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 41,958 | [1] | $ 33,971 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 40,107 | [1] | $ 33,925 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Legacy 2 Class | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 26,245 | [1] | $ 23,183 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 24,559 | [1] | $ 23,223 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Legacy 2 Class | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 26,245 | [1] | $ 23,183 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 24,452 | [1] | $ 23,212 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Legacy 2 Class | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 80,486 | [1] | $ 61,822 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 76,696 | [1] | $ 61,879 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Legacy 2 Class | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 17,497 | [1] | $ 15,455 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 16,764 | [1] | $ 15,458 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Legacy 2 Class | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 2,672 | 2,445 | |||
Investments Owned, Cost | $ 65,440 | $ 56,985 | |||
Investments Owned, Fair Value | $ 56,346 | $ 55,090 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Global 1 Class | |||||
Securities owned | |||||
Investments Owned, Cost | $ 9,305,063 | $ 9,493,631 | |||
Investments Owned, Fair Value | $ 8,679,388 | $ 9,430,731 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Global 1 Class | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 6,401,760 | [1] | $ 5,734,458 | ||
Investments Owned, Fair Value | $ 6,076,548 | [1] | $ 5,740,112 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Global 1 Class | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 725,343 | $ 1,684,961 | |||
Investments Owned, Fair Value | $ 727,524 | $ 1,685,374 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Global 1 Class | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 145,583 | $ 1,125,143 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 145,333 | $ 1,123,412 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Global 1 Class | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 582,333 | $ 562,572 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 582,191 | $ 561,962 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Global 1 Class | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,396,435 | [1] | $ 1,236,532 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 1,334,850 | [1] | $ 1,234,851 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Global 1 Class | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 873,500 | [1] | $ 843,857 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 817,364 | [1] | $ 845,323 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Global 1 Class | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 873,500 | [1] | $ 843,857 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 813,823 | [1] | $ 844,924 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Global 1 Class | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 2,678,733 | [1] | $ 2,250,286 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 2,552,579 | [1] | $ 2,252,363 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Global 1 Class | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 582,333 | [1] | $ 562,572 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 557,932 | [1] | $ 562,651 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Global 1 Class | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 88,922 | 88,999 | |||
Investments Owned, Cost | $ 2,177,960 | $ 2,074,212 | |||
Investments Owned, Fair Value | $ 1,875,316 | $ 2,005,245 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Global 2 Class | |||||
Securities owned | |||||
Investments Owned, Cost | $ 260,819 | $ 311,133 | |||
Investments Owned, Fair Value | $ 243,281 | $ 309,072 | |||
Percent of Partners' Capital (Net Asset Value) | 79.60% | 82.51% | |||
Securities owned | Global 2 Class | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 179,440 | [1] | $ 187,934 | ||
Investments Owned, Fair Value | $ 170,323 | [1] | $ 188,121 | ||
Percent of Partners' Capital (Net Asset Value) | 55.73% | [1] | 50.22% | ||
Securities owned | Global 2 Class | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 20,331 | $ 55,221 | |||
Investments Owned, Fair Value | $ 20,393 | $ 55,233 | |||
Percent of Partners' Capital (Net Asset Value) | 6.67% | 14.75% | |||
Securities owned | Global 2 Class | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 4,081 | $ 36,874 | |||
Investments Owned, Rate of Return | 1.20% | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 4,074 | $ 36,817 | |||
Percent of Partners' Capital (Net Asset Value) | 1.33% | 9.83% | |||
Securities owned | Global 2 Class | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 16,323 | $ 18,437 | |||
Investments Owned, Rate of Return | 0.20% | 0.20% | |||
Investments Owned, Fair Value | $ 16,319 | $ 18,416 | |||
Percent of Partners' Capital (Net Asset Value) | 5.34% | 4.92% | |||
Securities owned | Global 2 Class | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 39,142 | [1] | $ 40,525 | ||
Investments Owned, Rate of Return Range Minimum | 0.20% | [1] | 0.20% | ||
Investments Owned, Rate of Return Range Maximum | 2.90% | [1] | 0.70% | ||
Investments Owned, Fair Value | $ 37,416 | [1] | $ 40,470 | ||
Percent of Partners' Capital (Net Asset Value) | 12.24% | [1] | 10.80% | ||
Securities owned | Global 2 Class | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 24,484 | [1] | $ 27,656 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 22,910 | [1] | $ 27,704 | ||
Percent of Partners' Capital (Net Asset Value) | 7.50% | [1] | 7.40% | ||
Securities owned | Global 2 Class | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 24,484 | [1] | $ 27,656 | ||
Investments Owned, Rate of Return | 0.50% | [1] | 0.50% | ||
Investments Owned, Fair Value | $ 22,811 | [1] | $ 27,691 | ||
Percent of Partners' Capital (Net Asset Value) | 7.46% | [1] | 7.39% | ||
Securities owned | Global 2 Class | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 75,084 | [1] | $ 73,748 | ||
Investments Owned, Rate of Return Range Minimum | 0.40% | [1] | 0.40% | ||
Investments Owned, Rate of Return Range Maximum | 3.50% | [1] | 1% | ||
Investments Owned, Fair Value | $ 71,547 | [1] | $ 73,816 | ||
Percent of Partners' Capital (Net Asset Value) | 23.41% | [1] | 19.71% | ||
Securities owned | Global 2 Class | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 16,323 | [1] | $ 18,437 | ||
Investments Owned, Rate of Return | 0.30% | [1] | 0.30% | ||
Investments Owned, Fair Value | $ 15,639 | [1] | $ 18,440 | ||
Percent of Partners' Capital (Net Asset Value) | 5.12% | [1] | 4.92% | ||
Securities owned | Global 2 Class | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 2,492 | 2,917 | |||
Investments Owned, Cost | $ 61,048 | $ 67,978 | |||
Investments Owned, Fair Value | $ 52,565 | $ 65,718 | |||
Percent of Partners' Capital (Net Asset Value) | 17.20% | 17.54% | |||
Securities owned | Global 3 Class | |||||
Securities owned | |||||
Investments Owned, Cost | $ 6,918 | ||||
Investments Owned, Fair Value | $ 6,872 | ||||
Percent of Partners' Capital (Net Asset Value) | 82.51% | ||||
Securities owned | Global 3 Class | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Cost | $ 4,179 | ||||
Investments Owned, Fair Value | $ 4,183 | ||||
Percent of Partners' Capital (Net Asset Value) | 50.23% | ||||
Securities owned | Global 3 Class | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Cost | $ 1,228 | ||||
Investments Owned, Fair Value | $ 1,228 | ||||
Percent of Partners' Capital (Net Asset Value) | 14.74% | ||||
Securities owned | Global 3 Class | U.S. Treasury Bills | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 820 | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.30% | ||||
Investments Owned, Fair Value | $ 819 | ||||
Percent of Partners' Capital (Net Asset Value) | 9.83% | ||||
Securities owned | Global 3 Class | US Treasury Notes | U.S. Government securities | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 410 | ||||
Investments Owned, Rate of Return | 0.20% | ||||
Investments Owned, Fair Value | $ 409 | ||||
Percent of Partners' Capital (Net Asset Value) | 4.91% | ||||
Securities owned | Global 3 Class | Federal Farm Credit Banks | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 901 | ||||
Investments Owned, Rate of Return Range Minimum | 0.20% | ||||
Investments Owned, Rate of Return Range Maximum | 0.70% | ||||
Investments Owned, Fair Value | $ 900 | ||||
Percent of Partners' Capital (Net Asset Value) | 10.81% | ||||
Securities owned | Global 3 Class | Federal Home Loan Bank Maturing 8/26/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 615 | ||||
Investments Owned, Rate of Return | 0.50% | ||||
Investments Owned, Fair Value | $ 616 | ||||
Percent of Partners' Capital (Net Asset Value) | 7.40% | ||||
Securities owned | Global 3 Class | Federal Home Loan Bank Maturing 9/30/2024 | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 615 | ||||
Investments Owned, Rate of Return | 0.50% | ||||
Investments Owned, Fair Value | $ 616 | ||||
Percent of Partners' Capital (Net Asset Value) | 7.40% | ||||
Securities owned | Global 3 Class | Federal Home Loan Bank, Other | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 1,640 | ||||
Investments Owned, Rate of Return Range Minimum | 0.40% | ||||
Investments Owned, Rate of Return Range Maximum | 1% | ||||
Investments Owned, Fair Value | $ 1,641 | ||||
Percent of Partners' Capital (Net Asset Value) | 19.70% | ||||
Securities owned | Global 3 Class | Federal National Mortgage Association | U.S. Government-sponsored enterprises | |||||
Securities owned | |||||
Investments Owned, Face Value | $ 410 | ||||
Investments Owned, Rate of Return | 0.30% | ||||
Investments Owned, Fair Value | $ 410 | ||||
Percent of Partners' Capital (Net Asset Value) | 4.92% | ||||
Securities owned | Global 3 Class | U.S. Exchange Traded Funds | |||||
Securities owned | |||||
Investments Owned, Shares | 64 | ||||
Investments Owned, Cost | $ 1,511 | ||||
Investments Owned, Fair Value | $ 1,461 | ||||
Percent of Partners' Capital (Net Asset Value) | 17.54% | ||||
[1] All or a portion of these positions are related to the General Partner's contribution (see Note 5). No individual position constituted greater than 5 percent of partners’ capital (net asset value). |
Financial Highlights (Details)
Financial Highlights (Details) - $ / shares | 12 Months Ended | |||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||||
Class A | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 950.90 | $ 900.81 | $ 992.10 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 93.81 | 121.32 | (46.46) | |||
Net investment loss (in dollars per unit) | (70.64) | (71.23) | (44.83) | |||
Total income (loss) from operations (in dollars per unit) | 23.17 | 50.09 | (91.29) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 974.07 | $ 950.90 | $ 900.81 | |||
Total return (as a percent) | 2.44% | 5.56% | (9.20%) | |||
Total return before General Partner contribution (as a percent) | (0.71%) | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 5.84% | 5.75% | 5.52% | |||
Incentive fees (as a percent) | 2.28% | 2.11% | 0.60% | |||
Total expenses (as a percent) | 8.12% | 7.86% | 6.12% | |||
Net investment loss (as a percent) | (4.82%) | (5.33%) | (4.49%) | |||
Class B | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 759.34 | $ 721.77 | $ 799.78 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 75.65 | 98.07 | (37.72) | |||
Net investment loss (in dollars per unit) | (61.85) | (60.50) | (40.29) | |||
Total income (loss) from operations (in dollars per unit) | 13.80 | 37.57 | (78.01) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 773.14 | $ 759.34 | $ 721.77 | |||
Total return (as a percent) | 1.82% | 5.21% | (9.75%) | |||
Total return before General Partner contribution (as a percent) | (1.24%) | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 6.52% | 6.46% | 6.22% | |||
Incentive fees (as a percent) | 2.30% | 1.88% | 0.54% | |||
Total expenses (as a percent) | 8.82% | 8.34% | 6.76% | |||
Net investment loss (as a percent) | (5.50%) | (6.03%) | (5.13%) | |||
Legacy 1 Class | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 830.25 | $ 772.63 | $ 832.28 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 82.33 | 104.44 | (38.02) | |||
Net investment loss (in dollars per unit) | (44.36) | (46.82) | (21.63) | |||
Total income (loss) from operations (in dollars per unit) | 37.97 | 57.62 | (59.65) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 868.22 | $ 830.25 | $ 772.63 | |||
Total return (as a percent) | 4.57% | 7.46% | (7.17%) | |||
Total return before General Partner contribution (as a percent) | 1.36% | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 3.53% | 3.43% | 3.24% | |||
Incentive fees (as a percent) | 2.54% | 2.65% | 0.69% | |||
Total expenses (as a percent) | 6.07% | 6.08% | 3.93% | |||
Net investment loss (as a percent) | (2.51%) | (3.00%) | (2.20%) | |||
Legacy 2 Class | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 802.66 | $ 748.69 | $ 808.27 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 78.96 | 100.87 | (36.95) | |||
Net investment loss (in dollars per unit) | (44.16) | (46.90) | (22.63) | |||
Total income (loss) from operations (in dollars per unit) | 34.80 | 53.97 | (59.58) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 837.46 | $ 802.66 | $ 748.69 | |||
Total return (as a percent) | 4.33% | 7.21% | (7.37%) | |||
Total return before General Partner contribution (as a percent) | 1.13% | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 3.77% | 3.68% | 3.49% | |||
Incentive fees (as a percent) | 2.46% | 2.60% | 0.67% | |||
Total expenses (as a percent) | 6.23% | 6.28% | 4.16% | |||
Net investment loss (as a percent) | (2.74%) | (3.25%) | (2.45%) | |||
Global 1 Class | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 843.02 | $ 780.50 | $ 836.87 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 83.60 | 106.28 | (38.05) | |||
Net investment loss (in dollars per unit) | (40.65) | (43.76) | (18.32) | |||
Total income (loss) from operations (in dollars per unit) | 42.95 | 62.52 | (56.37) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 885.97 | $ 843.02 | $ 780.50 | |||
Total return (as a percent) | 5.09% | 8.01% | (6.74%) | |||
Total return before General Partner contribution (as a percent) | 1.94% | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 2.98% | 2.87% | 2.70% | |||
Incentive fees (as a percent) | 2.59% | 2.77% | 0.78% | |||
Total expenses (as a percent) | 5.57% | 5.64% | 3.48% | |||
Net investment loss (as a percent) | (1.96%) | (2.45%) | (1.65%) | |||
Global 2 Class | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 818.74 | $ 759.80 | $ 815.99 | |||
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 82.58 | 104.47 | (37.22) | |||
Net investment loss (in dollars per unit) | (42.83) | (45.53) | (18.97) | |||
Total income (loss) from operations (in dollars per unit) | 39.75 | 58.94 | (56.19) | |||
Net asset value per unit at end of period (in dollars per unit) | $ 858.49 | $ 818.74 | $ 759.80 | |||
Total return (as a percent) | 4.85% | 7.76% | (6.89%) | |||
Total return before General Partner contribution (as a percent) | 1.63% | |||||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 3.26% | 3.20% | 2.95% | |||
Incentive fees (as a percent) | 2.69% | 2.82% | 0.68% | |||
Total expenses (as a percent) | 5.95% | 6.02% | 3.63% | |||
Net investment loss (as a percent) | (2.25%) | (2.77%) | (1.90%) | |||
Global 3 Class | ||||||
Per Unit Performance (for unit outstanding throughout the entire period): | ||||||
Net asset value per unit at beginning of period (in dollars per unit) | $ 659.82 | [1] | $ 620.27 | [1] | $ 677.29 | |
Income (loss) from operations: | ||||||
Net realized and change in unrealized gain (loss) from trading (in dollars per unit) | 41.53 | 83.44 | (36.47) | |||
Net investment loss (in dollars per unit) | (19.17) | (43.89) | (20.55) | |||
Redemptions | (682.18) | |||||
Total income (loss) from operations (in dollars per unit) | [1] | 22.36 | 39.55 | (57.02) | ||
Net asset value per unit at end of period (in dollars per unit) | [1] | $ 0 | $ 659.82 | $ 620.27 | ||
Total return (as a percent) | 3.39% | 6.38% | (8.42%) | |||
Ratios as a percentage of average net assets: | ||||||
Expenses prior to incentive fees (as a percent) | 4.95% | 4.88% | 4.39% | |||
Incentive fees (as a percent) | 0.67% | 2.17% | 0.20% | |||
Total expenses (as a percent) | 5.62% | 7.05% | 4.59% | |||
Net investment loss (as a percent) | (4.52%) | (4.46%) | (3.15%) | |||
[1] Global 3 Class units closed effective as of February 28, 2022. The information presented for Global 3 Class units is for the two months ended February 28, 2022. |
Trading Activities and Relate_2
Trading Activities and Related Risks (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Trading Activities and Related Risks | ||
Cash and cash equivalents | $ 4,586,226 | $ 6,456,079 |
FCMs, interbank market makers and swap counterparties | ||
Trading Activities and Related Risks | ||
Required margin and good faith deposits, low end of the range (as a percent) | 5% | |
Required margin and good faith deposits, high end of the range (as a percent) | 35% | |
Cash and cash equivalents | $ 4,586,226 | $ 6,456,079 |
Cash deposited with trading counterparties, percent of net asset value | 12.25% | 15.89% |
Derivative Instruments - Fair V
Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2022 | |
Fair Values of Derivative Instruments | ||
Asset Derivatives | $ 1,077,019 | |
Liability Derivatives | (1,444,698) | |
Futures Contracts | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 1,077,019 | $ 1,982,118 |
Liability Derivatives | (853,067) | (755,046) |
Fair Value | 223,952 | 1,227,072 |
Futures Contracts | Agriculturals | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 78,449 | 326,754 |
Liability Derivatives | (92,756) | (91,160) |
Fair Value | (14,307) | 235,594 |
Futures Contracts | Currencies | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 82,177 | 84,906 |
Liability Derivatives | (235,432) | (125,411) |
Fair Value | (153,255) | (40,505) |
Futures Contracts | Energy | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 51,769 | 95,073 |
Liability Derivatives | (40,364) | (80,530) |
Fair Value | 11,405 | 14,543 |
Futures Contracts | Interest rates | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 347,549 | 998,551 |
Liability Derivatives | (167,687) | (199,951) |
Fair Value | $ 179,862 | 798,600 |
Futures Contracts | Interest rates | Deutsche Bank Total Return Swap Terminating June 30, 2025 | ||
Fair Values of Derivative Instruments | ||
Sector exposure index | 26% | |
Futures Contracts | Meats | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | $ 12,651 | 33,078 |
Liability Derivatives | (4,114) | (1,340) |
Fair Value | 8,537 | 31,738 |
Futures Contracts | Metals | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 228,905 | 139,264 |
Liability Derivatives | (189,619) | (36,642) |
Fair Value | 39,286 | 102,622 |
Futures Contracts | Soft commodities | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 101,421 | 169,949 |
Liability Derivatives | (24,286) | (49,630) |
Fair Value | 77,135 | 120,319 |
Futures Contracts | Stock indices | ||
Fair Values of Derivative Instruments | ||
Asset Derivatives | 174,098 | 134,543 |
Liability Derivatives | (98,809) | (170,382) |
Fair Value | $ 75,289 | $ (35,839) |
Futures Contracts | Stock indices | Deutsche Bank Total Return Swap Terminating June 30, 2025 | ||
Fair Values of Derivative Instruments | ||
Sector exposure index | 23% | |
Forward Contracts | Currencies | Deutsche Bank Total Return Swap Terminating June 30, 2025 | ||
Fair Values of Derivative Instruments | ||
Sector exposure index | 51% | |
Swap Contracts | ||
Fair Values of Derivative Instruments | ||
Liability Derivatives | $ (591,631) | |
Fair Value | $ (591,631) | |
Swap Contracts | Deutsche Bank Total Return Swap Terminating June 30, 2025 | ||
Fair Values of Derivative Instruments | ||
Sector exposure index | 100% |
Derivative Instruments - Effect
Derivative Instruments - Effect of Derivatives on Statement of Operations (Details) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) contract instrument | Dec. 31, 2021 USD ($) instrument | Dec. 31, 2020 USD ($) instrument contract | |
Derivative Instruments | |||
Rarely exceeded margin-to-equity ratio (as a percent) | 25% | ||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ 5,410,259 | $ 6,636,819 | $ (2,930,575) |
Futures, Forward, and Swap Contracts | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ 5,410,259 | $ 6,636,819 | $ (2,930,575) |
Futures Contracts | |||
Derivative Instruments | |||
Monthly average number of derivative instruments bought and sold | instrument | 3,768 | 4,806 | 4,034 |
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ 5,740,757 | $ 5,721,229 | $ 3,902,231 |
Futures Contracts | Agriculturals | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 259,508 | 1,021,263 | 1,176,839 |
Futures Contracts | Currencies | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 1,212,759 | (13,627) | 505,665 |
Futures Contracts | Energy | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 677,902 | 2,912,130 | (105,207) |
Futures Contracts | Interest rates | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 3,622,349 | (423,325) | 2,129,265 |
Futures Contracts | Meats | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | (525,619) | (202,306) | 91,806 |
Futures Contracts | Metals | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 947,102 | (249,816) | 1,373,206 |
Futures Contracts | Soft commodities | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | (516,478) | 1,783,024 | 373,043 |
Futures Contracts | Stock indices | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ 63,234 | $ 893,886 | $ (1,642,386) |
Forward Contracts | |||
Derivative Instruments | |||
Monthly average number of derivative instruments bought and sold | instrument | 0 | 59 | 219 |
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ 86,650 | $ (238,576) | |
Forward Contracts | Currencies | |||
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | 86,650 | $ (238,576) | |
Swap Contracts | |||
Derivative Instruments | |||
Number of derivative instruments contract transactions made | contract | 1 | 1 | |
Effect of Derivative Instruments on the Consolidated Statement of Operations | |||
Gains (losses) on derivatives instruments | $ (330,498) | $ 828,940 | $ (6,594,230) |
Derivative Instruments - Deriva
Derivative Instruments - Derivatives by Line Item in Statement of Operations (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net gains (losses) from futures, forward currency, and swap trading | |||
Total realized and changed in unrealized net gains (losses) | $ 5,410,259 | $ 6,636,819 | $ (2,930,575) |
Futures, Forward, and Swap Contracts | |||
Net gains (losses) from futures, forward currency, and swap trading | |||
Total realized and changed in unrealized net gains (losses) | 5,410,259 | 6,636,819 | (2,930,575) |
Futures Contracts | |||
Net gains (losses) from futures, forward currency, and swap trading | |||
Realized | 4,737,637 | 7,061,115 | 2,740,200 |
Change in unrealized | 1,003,120 | (1,339,886) | 1,162,031 |
Total realized and changed in unrealized net gains (losses) | 5,740,757 | 5,721,229 | 3,902,231 |
Forward Contracts | |||
Net gains (losses) from futures, forward currency, and swap trading | |||
Realized | 22,721 | (243,720) | |
Change in unrealized | 63,929 | 5,144 | |
Total realized and changed in unrealized net gains (losses) | 86,650 | (238,576) | |
Swap Contracts | |||
Net gains (losses) from futures, forward currency, and swap trading | |||
Realized | (922,129) | (2,136,220) | |
Change in unrealized | 591,631 | 828,940 | (4,458,010) |
Total realized and changed in unrealized net gains (losses) | $ (330,498) | $ 828,940 | $ (6,594,230) |
Derivative Instruments - Offset
Derivative Instruments - Offsetting of Derivative Assets (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Offsetting of Derivative Assets | ||
Gross Amount of Recognized Assets | $ 1,077,019 | |
Gross Amounts Offset in the Consolidated Statement of Financial Condition | (1,444,698) | |
Net Amount of Unrealized Gains (Losses) Presented in the Consolidated Statement of Financial Condition | (367,679) | |
Futures Contracts | ||
Offsetting of Derivative Assets | ||
Gross Amount of Recognized Assets | $ 1,982,118 | 1,077,019 |
Gross Amounts Offset in the Consolidated Statement of Financial Condition | (755,046) | (853,067) |
Net Amount of Unrealized Gains (Losses) Presented in the Consolidated Statement of Financial Condition | $ 1,227,072 | 223,952 |
Swap Contracts | ||
Offsetting of Derivative Assets | ||
Gross Amounts Offset in the Consolidated Statement of Financial Condition | (591,631) | |
Net Amount of Unrealized Gains (Losses) Presented in the Consolidated Statement of Financial Condition | $ (591,631) |
Derivative Instruments - Offs_2
Derivative Instruments - Offsetting of Derivative Liabilities (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Offsetting of Derivative Liabilities | ||
Gross Amount of Recognized Liabilities | $ 1,444,698 | |
Gross Amounts Offset in the Consolidated Statement of Financial Condition | (1,444,698) | |
Futures Contracts | ||
Offsetting of Derivative Liabilities | ||
Gross Amount of Recognized Liabilities | $ 755,046 | 853,067 |
Gross Amounts Offset in the Consolidated Statement of Financial Condition | $ (755,046) | (853,067) |
Swap Contracts | ||
Offsetting of Derivative Liabilities | ||
Gross Amount of Recognized Liabilities | 591,631 | |
Gross Amounts Offset in the Consolidated Statement of Financial Condition | $ (591,631) |
Derivative Instruments - Collat
Derivative Instruments - Collateral by Counterparty (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Derivatives Assets and Liabilities Collateral Received by Counterparty | ||
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition | $ 1,227,072 | |
Net Amount of Unrealized Gains (Losses) Presented in the Consolidated Statement of Financial Condition | $ (367,679) | |
Gross Amounts Not Offset in the Statement of Financial Condition - Cash Collateral Pledged | 591,631 | |
Net Amount | 1,227,072 | 223,952 |
ADM Investor Services, Inc. | ||
Derivatives Assets and Liabilities Collateral Received by Counterparty | ||
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition | 513,483 | 120,272 |
Net Amount | 513,483 | 120,272 |
Deutsche Bank AG | ||
Derivatives Assets and Liabilities Collateral Received by Counterparty | ||
Net Amount of Unrealized Gains (Losses) Presented in the Consolidated Statement of Financial Condition | (591,631) | |
Gross Amounts Not Offset in the Statement of Financial Condition - Cash Collateral Pledged | 591,631 | |
Rosenthal Collins Group Division of Marex Spectron | ||
Derivatives Assets and Liabilities Collateral Received by Counterparty | ||
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition | 713,589 | 103,680 |
Net Amount | $ 713,589 | $ 103,680 |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 14, 2023 | Mar. 16, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Subsequent Events | |||||
Redemptions | $ 4,463,743 | $ 7,474,784 | $ 11,795,613 | ||
Subsequent event | |||||
Subsequent Events | |||||
Redemptions | $ 829,000 | ||||
Subsequent event | General Partner | |||||
Subsequent Events | |||||
Contribution from General Partner | $ 1,150,000 |